Ulrich Grillo, head of the Federation of German Industry, said sanctions could would come at a “painful” cost to European business, and to German exporters, but that the game had changed with Russia. Photograph: Eric Piermont/AFP/Getty Images)

Germany’s powerful business lobby has dropped its opposition to tougher sanctions against Russia ahead of today’s crunch EU ambassador meeting in Bru(...)

Crowds gather in front of the GPO on O’Connell Street, in Dublin, in November, 2010, as the country entered the final hours of negotiations for emergency EU and IMF loans aimed at preventing the crisis from spreading to Portugal and Spain and threatening the future of the euro. Photographs: Reuters/Cathal McNaughton

Two years ago, economists were still taking bets on the probability of a euro zone break-up. Today the threat of a currency collapse has receded. T(...)

Germany’s players and head coach Joachim Löw celebrate in their dressing room with Chancellor Angela Merkel following their victory in the World Cup final on Sunday night. Photograph: Lars Baron/Fifa/Getty Images.

Germany’s Boys from Brazil arrive in Berlin at 9am today to present their fans with “Das Ding” – their affectionate term for the World Cup – and to ge(...)

A US flag flies in front of the Brandenburg Gate, near the US embassy in Berlin. Germany’s expulsion of the CIA station chief in Berlin is close to a diplomatic nuclear option and is unprecedented in the postwar history of German-US relations. Photograph: Adam Berry/Getty Images

A few years before he died in 2006, the former East German spy chief Markus Wolf, known as “the man without a face”, told me about the qualities he(...)

Carsten Schneider: the SPD  finance spokesman said any move to recapitalise Irish banks would require all ESM member states to approve additional funding for the purpose. “That will never happen,” he said. Photograph:  Thomas Koehler/Getty Images

Senior Bundestag figures in Berlin have said the ESM bailout fund’s new power to recapitalise banks – in the future and retroactively – is a political(...)

German finance minister Wolfgang Schäuble insisted  legislating for direct ESM recapitalisations  would did not open the floodgates and allow problem banks empty the rescue fund. Photograph: Eric Luke

Germany has backed the principle of retroactive direct bank recapitalisation for euro zone banks, after the cabinet in Berlin gave the go-ahead yes(...)

German finance minister Wolfgang Schäuble with the Minister for Finance Michael Noonan. Photograph: Eric Luke

A forthcoming European Commission review of the EU’s “six-pack” and “two-pack” rules may offer Italy an opportunity to press for greater flexibility (...)

Chancellor Angela Merkel and Taoiseach Enda Kenny: Mr Kenny will today address a meeting of the economic council of Dr Merkel’s CDU party.  Photograph: David Sleator/The Irish Times

When Taoiseach Enda Kenny visits Berlin today he will be reminded how, in fashion as in politics, déjà vu keeps coming round again. First, he open(...)

Italian prime minister Matteo Renzi calls for “a light easing of the euro zone’s restrictive economic policies”. Photograph: Remo Casilli/Reuters

The political battle over the leadership of the European Commission promises to dominate the two-day summit of European Union leaders, which begins to(...)

Minister for Finance Michael Noonan said ministers expressed  about the continuing high levels of unemployment and the need for growth. Photograph; Dara Mac Donaill / The Irish Times

The Government’s plan to seek savings of less than €2 billion in next year’s budget is likely to receive the tacit support of key EU partners, as a nu(...)