Latvia’s finance minister Andris Vilks speaks during a news conference on the adoption of the euro  in Brussels today. Photograph: Francois Lenoir/Reuters.

The euro zone will embrace Latvia as its newest member from next year, eager to show that the bloc is not disintegrating despite doubts about souther(...)

Dutch finance minister Jeroen Dijsselbloem (left), chairing yesterday’s meeting, said payments may be broken up if creditors deemed it “necessary” and “helpful”. Photograph: Reuters/Francois Lenoir

Euro area finance ministers debated whether to pay Greece’s next €8.1 billion bailout tranche at once or in instalments – to ensure reform commitments(...)

Austrian Finance Minister Maria Fekter said "Austria is sticking to bank secrecy. We fight tax evasion and money laundering.” Photograph: David Sleator/The Irish Times

Austria will keep its banking secrecy laws and resist pressure from European leaders to reveal information about account holders, Austrian Fina(...)