IMF managing director Christine Lagarde was perhaps a little loose with her words when talking to the ‘FAZ’. Photograph: Sean Gallup/Getty Images

If loose lips sink ships, what might sink Greece? That was the question hovering over the G7 finance minister meeting in Dresden where journalists, ba(...)

The IMF has denied that chief executive Christine Lagarde said a Greek exit from the euro was a “possibility” and blamed a game of multilingual Chinese whispers. Photo: Bloomberg

The IMF has denied that chief executive Christine Lagarde said a Greek exit from the euro, the so-called Grexit scenario, was a “possibility” and blam(...)

IMF managing director Christine Lagarde at the start of a working session of G7 finance ministers and central bank governors during the G7 summit   in Dresden. Photograph:  Robert Michael/AFP/Getty Images

Senior officials at the G7 finance minister meeting in Dresden have admitted further loans and debt relief for Greece are unavoidable if – but onl(...)

Negotiations are ongoing between Greek officials and representatives of the European Commission, the European Central Bank and the IMF. Photo: Bloomberg

The European Commission has played down hopes of a Greek deal by Sunday, warning that “more progress” is needed before an agreement can be reached. Sp(...)

Oliver Blanchard was behind many of the IMF’s policy shifts in recent years in response to lessons from the crisis

The International Monetary Fund has said its chief economist Olivier Blanchard is retiring from the IMF, and the search for his replacement would begi(...)

Aer Lingus shed some of the gains it made on Thursday on the back of reports the Government was close to agreeing to sell the State’s stake to  IAG. Photograph: Alan Betson

European stocks slid on Friday as concern over the impact of Greek debt was exacerbated by declines in the US and Asia. A two-hour blackout at news a(...)

 Prime minister David Cameron on the Conservative election campaign bus, near Builth Wells, Wales. Photograph:  Peter Macdiarmid/Getty Images

Job numbers in the UK now stand at a record high and unemployment has fallen back to 1.8 million, according to published figures seized upon by the(...)

Yanis Varoufakis, Greece’s finance minister, speaks during a panel discussion at the Brookings Institution on the sidelines of the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington  Photograph: Andrew Harrer/Bloomberg

Greek finance minister Yanis Varoufakis promised to compromise in negotiations over the next instalment of a bailout loan that would prevent a default(...)

The IMF ruled out granting Greece permission to defer debt repayments. The fund’s managing director Christine Lagarde said that an advanced economy had never asked for a payment delay. Photograph: Andrew Harrer/Bloomberg

Yields on 10-year Greek debt rose to their highest level in two years on Thursday amid fears the country is moving closer to default as it struggles t(...)

Miners and supporters hold a banner and shout slogans during a protest in front of the parliament building in Athens Photograph: Reuters

Greece’s bonds tumbled, pushing 10-year yields to the highest in more than two years, as pressure mounted on the southern European nation to secure(...)