A man looks at displayed goods for sale inside a €1 shop in Athens, Greece: A forced Greek exit from the euro would create huge economic and political risks, yet Europe seems to be sleepwalking toward that outcome. Photograph: Alkis Konstantinidis/Reuters

US officials are generally cautious about intervening in European policy debates. The European Union is, after all, an economic superpower in its own (...)

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(...)

ECB president Mario Draghi speaking during a panel session on the third day of the World Economic Forum in Davos yesterday. Photograph; Laurent Gillieron/EPA

European Central Bank president Mario Draghi told global leaders in Davos yesterday he favoured an “accelerated time line” in breaking the link betwee(...)

The Government has cast their attendance at the 44th Annual Meeting of the World Economic Forum in Davos as an opportunity to promote Ireland as a major location for international business and investment. Photograph: Jean-Christophe Bott/EPA

Taoiseach Enda Kenny and Minister for Finance Michael Noonan will conduct scheduled meetings at the Davos forum with US treasury secretary Jacob Le(...)

World Bank president Jim Yong Kim departs at the end of a final news conference following the annual IMF-World Bank meetings in Washington. Photograph: Jonathan Ernst/Reuters

The International Monetary Fund’s policy committee has said the US needs to take “urgent action” to address the impasse over the debt ceiling.Amid me(...)