The stronger French performance contrasted with a slowdown in the United States and Britain, which both reported this week a lower pace of growth than previously

French growth accelerated more than expected at the start of the year with the strongest increase in consumer spending since 2004 and a pick-up in bus(...)

 Former employee of PricewaterhouseCoopers, Antoine Deltour leaves court on the first day of the LuxLeaks whistleblower trial in Luxembourg  Photograph: Julien warnand/EPA

A man accused of leaking information exposing Luxembourg’s tax deals with multinational companies only had access to the confidential documents becaus(...)

 An activist clutching a suitcase stuffed with fake money demands greater transparency in new legislation following the  Panama Papers  in Berlin, Germany. File photograph: Sean Gallup/Getty Image

Senior international tax officials met at the Organisation for Economic Co-operation and Development (OECD) on Wednesday to discuss responses to the P(...)

Since the Stability and Growth Pact came about in 1998 to strengthen the monitoring of budgets, 25 of the EU’s 28 members have overstepped the deficit limit. Sweden, Estonia and Luxembourg are the only countries that have avoided breaching it.

When it comes to fiscal discipline in the European Union, three is the magic number. That’s a deficit limit of 3 per cent of GDP, and five EU states (...)

Former French prime minister Jean-Marc Ayrault: to succeed Laurent Fabius as foreign minister. Photograph: Stephane Mahe/Reuters

French president François Hollande on Thursday appointed former prime minister Jean-Marc Ayrault to succeed Laurent Fabius as foreign minister and bro(...)

French Finance minister Michel Sapin arrives before a meeting with the Iranian president at the Elysee Palace. Photograph: Stephane de Sakutin/Getty Images

French growth slowed only slightly in the final quarter of 2015 despite the November attacks by Islamist militants in Paris, as a rebound in business (...)

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(...)