Italian finance minister Pier Carlo Padoan arrives for the EU Ecofin Council meeting at the EU headquarters in Luxembourg today. It is expected to endorse a proposal to allow Lithuania to adopt the euro as its currency as from January 2015. Photograph: Nicolas Bouvy/EPA

Yields on lower-rated euro zone bonds edged away from record lows today as a debt exchange in Italy prompted some investors to book profits after a re(...)

Portugal’s prime minister Pedro Passos Coelho arrives for a news conference in Berlin last night where he said he expected to quickly overcome an internal political crisis in his ruling coalition that risked triggering a snap election and derailing bailed out Lisbon’s return to market financing. Photograph: REUTERS/Tobias Schwarz.

Spanish and French borrowing costs rose today on fears that political turmoil in Portugal will reignite the euro zone debt crisis. The higher returns (...)