In the red: European banks head toward their lowest prices since August 2012. Photograph: Danish Siddiqui/Reuters

It was almost like 2008 all over again for the global financial sector this week as shares were routed. On Thursday, France’s Société Générale becam(...)

 Traders on the floor of the New York Stock Exchange: the dollar index fell for a fourth day on the latest batch of soft US data, which dampened expectations for US interest rate hikes this year. Photograph: Spencer Platt/Getty Images

Another volatile trading session saw European stocks end the day lower, although the London market rallied and made gains of more than 1 per cent. Fl(...)

European Central Bank president Mario Draghi. The ECB has raised the prospect of further easing as soon as March

The risk of acting too late on ultra-low inflation is greater than that of acting too early, European Central Bank president Mario Draghi said on Thu(...)

A British Union Jack flag flutters next to European Union flags  at the EU Commission headquarters in Brussels. Photograph: Francois Lenoir/Reuters

European Council president Donald Tusk will table a draft proposal on a new European Union deal for Britain at noon on Tuesday, adding to expectation(...)

The inquiry noted David Drumm’s failure to appear before the committee but it said that even if the former head of Anglo Irish Bank had agreed to appear, the Director of Public Prosecutions probably would have blocked it.

The Oireachtas banking inquiry focused particular criticism on the European Central Bank over its lack of co-operation with the joint committee. It s(...)

Fine Gael leader Enda Kenny TD during An Taoiseach’s address at the Fine Gael 78th Ard Fheis, at Citywest Hotel, Dublin. Kenny has yet to call the date for the election but it could be the most important  flash-point of the year for the economy. (Photograph: Dara Mac Dónaill / The Irish Times)

With a general election on the way as early as next month, if elections in other countries once at the heart of the European debt crisis are anything(...)

 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(...)

Mario Draghi in Davos: the European Central Bank president’s remarks helped to buoy markets on Thursday and the trend continued to the end of the business week. Photograph: Jean-Christophe Bott/EPA

Stocks continued their rebound on growing investor confidence triggered by indications from EU banking chief Mario Draghi that more support for the m(...)

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(...)