Greece has  dismissed reports that it needs to tap remaining cash reserves to meet salary payments  Photograph: Reuters

Greece’s major creditors are not ready to let the country drop out of the euro as long as prime minister Alexis Tsipras shows willingness to meet a(...)

Fireworks explode over the ancient Parthenon temple on the Acropolis Hill during the New Year’s celebrations in Athens. It was reported over the weekend that Germany now believes that the euro zone would be able to cope with a Greek exit, or “Grexit”, if necessary. (Photograph: ALEXANDROS VLACHOS/EPA)

The German government wants Greece to stay in the euro zone and there are no contingency plans to the contrary, Vice Chancellor Sigmar Gabriel said o(...)

German finance minister Wolfgang Schäuble. “New elections will not change the agreements we have struck with the Greek government”

The German government expects Greece to stick to its EU/IMF bailout deal after a January 25th election and a possible change of government in Athens, (...)

German chancellor Angela Merkel has said she wants to see rapid progress at the EU meeting today. Photograph: Thomas Peter/Reuters

The European Union would target state-owned Russian banks and their ability to finance Moscow’s faltering economy in its most serious sanctions so far(...)

Russia’s president Vladimir Putin presents a historical lithograph to Germany’s chancellor Angela Merkel after their meeting at the St Petersburg International Economic Forum in St Petersburg, Russia, today. Photograph: Alexander Demianchuk/Reuters

German chancellor Angela Merkel told Russian president Vladimir Putin today that German art seized by the Soviets in the aftermath of the second Worl(...)