Italy’s prime minister Matteo Renzi speaking at the first day of school at the Pino Puglisi Institute  in Palermo,on Monday. Renzi told parliament yesterday that the government’s reform package Italy’s ‘last chance’ to combat its chronic economic decline. Photograph: EPA

Italy’s prime minister Matteo Renzi has called his government’s 1,000-day reform package Italy’s “last chance” to combat its chronic economic decline(...)

European Central Bank vice-president Vitor Constancio: “If we would have to broaden the programme to include the so-called mezzanine tranches, where there is more risk, for that we would indeed some kind of guarantee.” Photograph: EPA/Matteo Bazzi

The prospect that Irish banks could offload some of their problematic mortgage debts as part of the European Central Bank’s asset-backed security-purc(...)

From left: ECB president Mario Draghi, Finnish prime minister Jyrki Katainen and euro-group president Jeroen Dijsselbloem at the European financial ministers’ meeting in Milanyesterday. Photograph: EPA/Matteo Bazzi

European Central Bank president Mario Draghi yesterday warned euro zone countries that they must continue to implement structural reforms despite p(...)

European Central Bank president Mario Draghi (left) and Finnish outgoing prime minister Jyrki Katainen at  a press conference at the euro-group finance ministers’ meeting in Milan yesterday.  Photograph: EPA/Matteo Bazzi

Irish taxpayers are likely to benefit in next month’s budget from predicted savings under the deal to repay International Monetary Fund (IMF) borrowi(...)

 Minister for Finance Michael Noonan (right) arrives at Centro Congressi MIco in Milan. Photograph: .Matteo Bazzi/EPA

Ireland has won the backing of the euro group of euro zone finance ministers for its bid to repay the IMF portion of its bailout loans early. At a mee(...)

Mr Kenny said that if the EU and ECB approve and authorise Ireland’s request to rearrange IMF loans, the State could save €1.5 billion over the next five years

Taoiseach Enda Kenny has said an application for recapitalisation for retroactive direct bank recapitalisation from the ESM fund is “still on the tabl(...)

Marine Le Pen of France’s National Front: the capacity of member states to tolerate unemployment and deep slumps cannot be unlimited. Photograph: Benoit Tessier

In the second quarter of this year, real domestic demand in the euro zone was 5 per cent lower than in the first quarter of 2008. The euro zone’s unem(...)

Minister for Finance Michael Noonan meeting economic and monetary affairs commissioner Jyrki Katainen in Brussels yesterday.

Minister for Finance Michael Noonan will lobby finance ministers of the 27 other EU member states at meetings in Italy on Friday and Saturday in an(...)

Minister for Finance Michael Noonan with EU economic and monetary affairs  commissioner Jyrki Katainen in the EU Commission’s headquarters in Brussels yesterday.

Minister for Finance Michael Noonan began his week-long European odyssey to seek support for Ireland’s plan to refinance its International Monetary(...)

Minister for Finance Michael Noonan is embarking on a diplomatic drive this week to persuade his European counterparts to allow Ireland repay the IMF before European bailout loans are paid off. Photograph: Alan Betson / THE IRISH TIMES

There are “no objections or legal concerns” to Ireland’s request to repay some of its IMF debt ahead of schedule, an EU official told reporters in Bru(...)