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(...)

German finance minister Wolfgang Schauble. Photograph: Thierry Charlier/AFP/Getty Images

German finance minister Wolfgang Schäuble has proposed pruning and reordering the competences of the European Commission in light of its euro crisis r(...)

German finance minister Wolfgang Schäuble, Luxembourg’s finance minister Pierre Gramegna and eurogroup president Jeroen Dijsselbloem: forgiveness of debt has been a great boon to Germany. Photograph: Stephanie Lecocq

For most of human history the moral opprobrium associated with credit was attached to the lender, not the borrower. Aristotle and Plato poured scorn o(...)

Italian Finance Minister Pier Carlo Padoan, Dutch Finance Minister , President of Eurogroup Jeroen Dijsselbloem, International Monetary Fund managing director Christine Lagarde, Irish Finance Minister Michael Noonan and French finance minister Michel Sapin at the start of a special Eurogroup Finance ministers meeting on Greek crisis at EU council headquarters in Brussels. Photograph: Olivier Hoslet/EPA

There will be no immediate budgetary implications for Ireland if a third bailout for Greece is agreed, Minister for Finance Michael Noonan has said. (...)

Head of the eurogroup Jeroen Dijsselbloem: “A lot of trust had been lost . . . it has to be rebuilt.”  Photograph: Thierry Charlier/AFP/Getty Images

  Negotiations on a third bailout for Greece will take at least four weeks, the head of the eurogroup of finance ministers predicted yeste(...)

 Enda Kenny: “It is important to keep in mind what Europe and the euro zone is about.” Photograph: Jean-Christophe Verhaegen/AFP/Getty Images

Europe must not look back in 10 years’ time and realise it could have prevented a Greek exit from the single currency but failed to do so, Taoiseach(...)

Greek finance minister Euclid Tsakalotos and IMF managing director Christine Lagarde at Sunday’s meeting  of finance ministers. Photograph: Reuters/Francois Lenoir

Over to you, Athens. That was the message after another working weekend in Brussels with a heated meeting of euro zone finance ministers and the seco(...)

Greek prime minister Alexis Tsipras faces a battle to contain a rebellion in his Syriza party should he agree a three-day deadline to adopt austerity measures and keep Greece in the euro.  Photograph: Jasper Juinen/Bloomberg 1:30

Greek prime minister Alexis Tsipras faces an uphill struggle to prevent a rebellion in the Syriza party if he accepts a deadline by Wednesday to adopt(...)

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(...)

 Andrej Babis: Greece has ‘gone bankrupt four times in the last 200 years and should do so a fifth time’. Photograph: Michal Cizek/AFP/Getty Images 1:53

As the escalating Greek crisis continues, one issue that is likely to emerge as a key sticking point in the forthcoming negotiations is the question o(...)