Greece’s four systemic banks are together expected to need between €10 billion and €25 billion in capital from the latest bailout

Greece’s banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country’s continuing fi(...)

Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services.

Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, le(...)

Greek prime minister Alexis Tsipras also defended his embattled former finance minister, who has continued to create headaches for the government since being ousted earlier this month

Prime minister Alexis Tsipras on Friday acknowledged his government had made covert contingency plans in case Greece was forced out of the euro, but (...)

Greek prime minister Alexis Tsipras delivers his speech during a central committee meeting of the Syriza party in Athens on Thursday. Photograph: Yiannis Kourtoglou

Doubts about the IMF’s participation in a third bailout package for Greece emerged on Thursday as an IMF official said the Washington-based fund would(...)

Savers increasingly turned to the prize bond draw to boost their returns amid plummeting deposit rates. However, a low interest environment means the available prize fund has also diminished. Photograph: Julien Behal/PA Wire

Some € 130 million flowed into prize bonds in the six months to June 30th 2015. This pushed the value of the state-run fund up to a new high of €2.3 b(...)

Greek prime minister Alexis Tsipras: argues that Greece is now front-page news and has been presented in “a positive light”. Photograph: Kostas Baltas/Reuters

Greece will not implement reform measures beyond those agreed at an emergency summit earlier this month, prime minister Alexis Tsipras has said, amid(...)

A belated act of atonement

Banks are meant to inspire trust and confidence in their customers, their borrowers and their depositors. Some mortgage holders with Permanent TSB (PT(...)

Criminal charges could  be brought against the former Greek finance minister, Yanis Varoufakis, following revelations of his secret plan to establish an alternative currency. Photograph: Getty

The scene has been set for possible criminal charges to be brought against the former Greek finance minister, Yanis Varoufakis, following revelations (...)

European Centeal Bank president Mario Draghi: euro zone members failed to recognise that lower borrowing costs would only provide a temporary boost. Photograph: David Sleator/The Irish Times

The euro zone’s founding members are further apart economically than they were, a “disappointing” outcome defying the premise that laggards would slow(...)

Jeremy Masding, chief executive of Permanent TSB, at a press conference in Dublin yesterday after a Central Bank investigation revealed that serious failures by PTSB led to people losing their homes. At the top of Mr Masding’s speech is a handwritten note (inset) that says: ‘Serious, controlled, no smile.’ Photograph: Brian Lawless/PA

Here we go again. Yet another banking scandal but this time it can’t be blamed entirely on the shabby practices of the pre-crash era. The holders of (...)