Eurogroup chief Jeroen Dijsselbloem (L) and Greek finance minister Yanis Varoufakis (R) speak during a press conference following a meeting at the Finance Ministry in Athens. Photograph: Simela Pantzartzi/EPA.

The new leftwing government in Athens opened negotiations on its bailout package with European partners on Friday by flatly rejecting the expected (...)

 Spanish prime minister Mariano Rajoy gives a speech at the Spain Global Tourism Forum held in Madrid. Photograph: EPA/BALLESTEROS

Spain’s economy expanded at its fastest pace in seven years in the fourth quarter, defying the threat of deflation as lower prices helped boost domest(...)

Women look at clothes in a store in the Andalusian capital of Seville, southern Spain. Spanish consumer prices  fell 1.5 per cent in January from a year earlier, the most since 1997. (Photograph: Marcelo del Pozo/Reuters)

Spain’s economy expanded at its fastest pace in seven years in the fourth quarter, defying the threat of deflation as lower prices helped boost domes(...)

Sinking prices combined with stubbornly high unemployment led the European Central Bank president Mario Draghi to announce a €1.1 trillion stimulus plan last week that centered on government-bond purchases. (Photograph: Martin Leissl/Bloomberg)

Consumer prices fell more than economists forecast in January, underlining the challenges Mario Draghi faces as he seeks to stave off a deflationary (...)

Yanis Varoufakis, Greece’s incoming finance minister. Photograph: Yorgos Karahalis/Bloomberg

Confirming their pre-election pledges but dispelling hopes among the country’s lenders that they would proceed cautiously upon taking office, membe(...)

Greece’s four biggest lenders saw their stock prices plummet by an average of more than 25 per cent. Photograph: AP

Greek bank shares suffered their worst one-day loss on record yesterday as anxiety grew over the new government’s plan to renegotiate the country’s €2(...)

Greek prime minister Alexis Tsipras (C) and members of the Greek government pose  for a family photograph  outside the Parliament in Athens ahead of their first cabinet meeting. Photograph: Pantelis Saitas/EPA.

Greek prime minister Alexis Tsipras and his finance minister have pledged to avoid a standoff with creditors but say they still intend to roll back (...)

Economist and new Greek finance minister Yannis Varoufakis has argued since the beginning of the crisis that Greece should default while staying a member of the euro area.

Greek five-year yields jumped to record highs on Wednesday as investor concerns that the new anti-bailout government in Athens was squaring up for a c(...)

Greece’s newly appointed finance minister Yanis Varoufakis on a street in Athens on January 27th, 2015. Photograph: Aris Messinis/AFP/Getty Images

If Greece’s new tie-less prime minister appears unconventional when compared with his EU counterparts, then his freshly appointed finance minister wil(...)

Newly appointed Greek prime minister and winner of the Greek parliamentary elections, Alexis Tsipras, attends a swearing in ceremony by members of his cabinet at the presidential palace in Athens on January 27th, 2015. Photograph: Yannis Behrakis/Reuters

Greece’s radical leftist prime minister Alexis Tsipras announced his cabinet on Tuesday, giving the top economic posts to a former communist politicia(...)