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(...)

Yanis Varoufakis, Greece’s finance minister (centre) at  a news conference following a meeting of European finance ministers in Brussels, Belgium on Monday.  Greece will resume talks with its creditors this week. Photograph: Bloomberg

in Brussels Minister for Finance Michael Noonan has urged the European Commission to grant greater flexibility to Ireland in the application of budget(...)

French finance minister Michel Sapin arriving at a euro zone finance ministers meeting  in Brussels.

European Union finance ministers will give France two more years on Tuesday to cut its budget deficit to within EU limits, extending the deadline for (...)

EU economics commissioner Pierre Moscovici said the decline in oil price, depreciating euro and recently-launched quantitative easing programme by the ECB would provide ‘a welcome shot in the arm for the EU economy’. Photograph: Yves Herman/Reuters

The German euro-zone motor has bounced back into life, pulling the bloc’s economy behind it, after notoriously tight-fisted German consumers lifted(...)