Exports were a bright spot, up 1.7 per cent in the second quarter after growing by 1.3 per cent in the first quarter

The French economy came to an unexpected standstill in the three months to June after a strong first quarter, as a jump in exports was not strong eno(...)

German finance minister Wolfgang Schauble: floated temporary exit idea during talks to clinch a deal to keep Greece in the bloc. Photograph: Thierry Charlier/AFP/Getty Images

French finance minister Michel Sapin has criticised his German counterpart Wolfgang Schaüble for suggesting Greece could temporarily leave the euro zo(...)

Angela Merkel: her Bavarian allies, the Christian Social Union, said the proposals contained little different previous proposals. Photograph:  Elvis Barukcic/AFP/Getty Images

The German government has adopted a characteristically cautious response to new Greek reform proposals, warning that it won’t ask for a Bundestag man(...)

US president Barack Obama: keeping in touch with European leaders as US continues to monitor the Greek debt crisis. Photograph: Saul Loeb/AFP/Getty images

The Obama administration has again warned of the potential damage to the European economy and the knock-on effect on the US economy if the Greek de(...)

People line up to withdraw cash on the Greek island of Crete on Sunday. Photograph: Stefanos Rapanis/Reuters.

Greek banks will remain shut for an unspecified time and the country is imposing restrictions on bank withdrawals following a recommendation by the Ba(...)

Greece Minister of Finance Yanis Varoufakis attends a debate at the European Business Summit in Brussels today. Photograph: Reuters

Greece defied its international creditors on Thursday, refusing to cut pensions or ease layoffs to meet their demands, dimming prospects of progress n(...)

An anarchy symbol spray-painted over the logo of Bank of Greece in Athens. Most top credit rating agencies say they would not cut Greece’s rating to default if it misses a payment to the IMF or ECB. Photograph: Reuters

Greek deputy prime minister Yannis Dragasakis will meet European Central Bank president Mario Draghi in Frankfurt today as Greece ramps up its efforts(...)

Greek finance minister Yanis Varoufakis arriving for a cabinet meeting at the Greek parliament in Athens on Thursday. Louisa Gouliamaki/AFP/Getty Images

Negotiations between Greece and its lenders recommenced in Brussels yesterday under a new Greek negotiation team, with signs an interim deal could (...)

Greek prime minister Alexis Tsipras’s pleas for leeway on their bailout programme have largely fallen on deaf ears so far. Photograph: Yiannis Kourtoglou/Reuters

The Government may have been criticised for playing politics by announcing an expansive spring statement just months ahead of a general election, but (...)

Greek finance minister Yanis Varoufakis: appeared to offer some concessions ahead of yesterday’s meeting, which was attended by Minister Michael Noonan. Photograph: Alkis Konstantinidis

Greece won little leeway from creditors at a eurogroup meeting in Riga yesterday, as senior European Union officials warned that the country must acc(...)