Luis de Guindos: the narrowing gap will allow the government to trim net debt issuance to €53bn. Photograph: Simon Dawson/Bloomberg

Spain’s improving public finances mean it will issue less net debt than expected this year, its economy minister said today, as the country auctioned (...)

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(...)

European Commission vice-president Valdis Dombrovskis: European taxpayers had offered “unprecedented financial assistance” to Greece. Photograph: François Lenoir/Reuters

Euro zone finance ministers and leaders gather in Brussels today for a series of emergency meetings on Greece that are likely to prove decisive in th(...)

Spain’s economy   minister Luis de Guindos says Spain’s economy  is in good shape. Photgraph: Andrea Comas/Reuters

Spain is one of the countries where the Greek crisis is being most keenly followed, due to its own economic characteristics which in the past have mad(...)

Greek finance minister Yianis Varoufakis listens to prime minister Alexis Tsipras in Athens on Tuesday. Photograph: Louisa Gouliamaki/AFP/Getty

The standoff between Greece and its creditors intensified yesterday as Greek prime minister Alexis Tsipras accused the International Monetary Fund o(...)

Greek prime minister Alexis Tsipras gestures before his speech during a parliament session in Athens yesterday. Photograph: Reuters

Greece’s latest round of reform proposals have so far failed to satisfy creditors, with discussions set to continue with its international lenders (...)

Banco Madrid kept the doors of its branches closed on Monday as it emerged the lender had ceased all financial operations and requested a creditors’ meeting. Photograph: Andrea Comas/Reuters

The future of Spanish lender Banco Madrid is in the balance after it filed for bankruptcy following a deposit run sparked by a money-laundering inv(...)

Talks have begun on a third bailout for Greece worth €30 billion-€50 billion, the Spanish economy minister has announced.“We are negotiating a third r(...)

International Monetary Fund  managing director Christine Lagarde with Greek finance minister Yanis Varoufakis at an extraordinary euro zone finance ministers’ meeting in Brussels last night. Photograph: Francois Lenoir/Reuters

Germany has urged Greece to follow Ireland’s example in how it retooled its bailout programme after the last general election rather than trying to r(...)

Speaking as the Eurogroup of finance ministers met in Brussels, Dutch finance minister Jeroen Dijsselbloem said: “We all have to realise and the Greek people have to realise that the major problems in the Greek economy have not disappeared and haven’t even changed overnight because of the simple fact that an election took place”. Photograph: Olivier Hoslet/EPA.

The European Union showed a willingness on Monday to give Athens more time to pay its debts, but said it would not yield to a new Greek government’s d(...)