Angela Merkel: ‘The issue of asylum could be the next major European project, in which we show whether we are really able to take joint action,’ she told ZDF public television. Photograph: Jürgen Detmers/AFP/Getty Images

Europe’s growing refugee crisis will prove a greater test for the bloc in the long term than the standoff over Greece, according to German chancellor(...)

Greece bailout key moments: The replacement of the controversial Yanis Varoufakis as finance minister by Euclid Tsakalotos was a key factor in the change of mood in the talks. Photograph: Jasper Juinen/Bloomberg

So the eurozone has agreed the €86 billion third Greek bailout. Here are the five stand-out points in the deal which was announced late on Friday afte(...)

 IMF chief Christine  Lagarde on Friday night said in a statement: “I remain firmly of the view that Greece’s debt has become unsustainable and that Greece cannot restore debt sustainability solely through actions on its own.” File photograph: Stephen Jaffe/EPA

Greece’s debt remains unsustainable, the International Monetary Fund chief Christine Lagarde said Friday night as euro zone finance ministers approved(...)

Greek finance minister Euclid Tsakalotos  shakes hands with German counterpart  Wolfgang Schäuble at the start of the  special Eurogroup meeting in Brussels. Photograph: EPA

Finance ministers of the euro single currency group have approved the first €26 billion of a vast new bailout package to help rebuild Greece’s economy(...)

 Protesters from the Communist-affiliated trade union PAME at an anti-austerity demonstration  in Athens on Wednesday.  The parliamentary spokesman for the  Syriza party urged it  to unite behind a new funding agreement, saying the country wanted a full bailout immediately rather than a bridge loan. The placard reads,  “No to layoffs. Steady and permanent jobs for everybody”. Photograph:  REUTERS/Yiannis Kourtoglou

The dust has barely settled on the rancorous “agreement” reached some three weeks ago between the Greek government and its European creditors and the (...)

Greek prime minister Alexis Tsipras: argues that Greece is now front-page news and has been presented in “a positive light”. Photograph: Kostas Baltas/Reuters

Greece will not implement reform measures beyond those agreed at an emergency summit earlier this month, prime minister Alexis Tsipras has said, amid(...)

Former Greek finance minister Yanis Varoufakis. Photograph: Louisa Gouliamaki/AFP/Getty Images

Yanis Varoufakis, the motorbike-riding, Noonan-riling, tie-eschewing former Greek finance minister gave an interesting interview published in yesterda(...)

Greek prime minister Alexis Tsipras and his finance minister  Euclid Tsakalotos  depart following all-night bailout talks in Brussels. Photograph: Bloomberg 1:12

Has an agreement on a new bailout package for Greece been reached? Technically, no. Euro zone leaders agreed this morning to consider backing a third(...)

Minister for Finance Michael  Noonan struck a hopeful note that agreement in Europe over  Greece can be reached and said he was entering Saturday’s meeting in Brussels “on the basis that it will be possible to put a sustainable medium term programme in place”. Photograph: Stephanie Lecocq/EPA

The Greek government should move swiftly to implement the austerity measures contained in its bailout plan to prove it is serious and increase trust w(...)

Greece prime minister Alexis Tsipras is seen on Thursday before he submitted a bailout plan to the country’s creditors.  Photograph: Bloomberg 1:28

Greek prime minister Alexis Tsipras appealed to his party’s deputies on Friday to back a tough reform package after abruptly offering last-minute conc(...)