Greek Finance Minister Euclid Tsakalotos: the eurogroup and IMF have announced that Greece should prepare an extra €3.6 billion in cuts if it fails to meet primary surplus target of 3.5% by 2018 . Photograph: François Lenoir

Eurogroup chairman Jeroen Dijsselbloem postponed a planned eurogroup meeting on Greece that had been provisionally scheduled for Thursday, as bailout (...)

“Sometimes there is a contradiction between transparency and efficiency,” German finance minister Wolfgang  Schäuble said at a meeting of EU finance ministers in Amsterdam on Saturday. “We have to be cautious about lining someone up to be pilloried publicly.”

EU plans to force multinational companies to publicly reveal the taxes they pay in different countries have hit a political obstacle as German Finance(...)

IMF managing director Christine Lagarde has described the approach to the Greek crisis as a “two legged” approach. Photograph: Stephen Jaffe/EPA

Discussions on new debt relief measures for Greece will commence as early as next Thursday, as the eurogroup of finance ministers agreed to endorse a (...)

European ombudsman Emily O’Reilly has asked the president of the Eurogroup for more details on his proposals to improve the transparency of its work.

European ombudsman Emily O’Reilly has asked the president of the Eurogroup for more details on his proposals to improve the transparency of its work. (...)

 Cypriot minister of finance Harris Georgiades (right)  with Dutch finance minister and president of the Eurogroup Jeroen Dijsselbloem (left) at a Eurogroup finance ministers meeting in Brussels on March 7th. Photograph: Laurent Dubrule/EPA

Cyprus has become the fourth euro zone country to exit an EU-IMF bailout programme, as euro zone finance ministers gave a green light to the country t(...)

Mário Centeno, Portugal’s finance minister, said Lisbon had agreed to table the extra deficit-reduction measures requested by Brussels, but added that he was ‘certain they will not be needed’. Photograph: Hugo Correia/Reuters.

An agreement by Portugal’s new Socialist government to draw up “Plan B” deficit cuts to ensure its “anti-austerity” budget complies with EU rules has (...)

 Greek prime minister Alexis Tsipras  with Christine Lagarde, managing director of the IMF, at a bilateral meeting  in Davos. Photograph: Jean-Christophe Bott/ EPA

The International Monetary Fund has reiterated its call for debt relief for Greece, raising pressure on European countries to cede to Greek demands fo(...)

French prime minister Manuel Valls in Davos: “If Europe can’t protect its own borders, it’s the very idea of Europe that could be thrown into doubt. It could disappear, of course – the European project, not Europe itself.” Photograph: Fabrice Coffrini/AFP/Getty Images

The future of the European Union is being put in “grave danger” by the continuing migration crisis, France’s prime minister said on Friday. Manuel Va(...)

Mario Draghi, president of the European Central Bank (ECB), during a panel session at the World Economic Forum in Davos, Switzerland on Friday. Photograph: Matthew Lloyd/Bloomberg

The number of migrants entering Europe must be reduced, Dutch finance minister Jeroen Dijsselbloem has said. His comments come as European Central Ba(...)

Christine Lagarde said  the question of debt sustainability and pension reform would be key to any participation. Photograph: Eric Piermont/AFP/Getty Images

IMF chief Christine Lagarde has said that a decision by the Washington-based fund to participate in the Greek bailout may not be made until the secon(...)