Siptu president Jack O’Connor has called for a new left-wing government and pay increases. File photograph: Cyril Byrne/The Irish Times

Siptu, the country’s largest trade union, is to seek pay increases of 5 per cent across the public and private sectors.In a speech today, Siptu presid(...)

Shares in Aer Lingus traded down 3.7 per cent to €2.15 as opposition built towards the proposed €2.55-a-share offer from  International Airlines Group. Photograph: Alan Betson

but have still posted their best monthly performance in more than three years, lifted by hopes the European Central Bank’s quantitative easing progra(...)

The government of Spain’s prime minister, Mariano Rajoy, which faces an election towards the end of the year, predicts Spain will grow by at least 2 per cent this year. Photograph: Angel Navarrete/Bloomberg

The collapse in oil prices has helped to push the euro zone deeper into deflation, strengthening the case for the European Central Bank’s landmark de(...)

 Eurogroup chief Jeroen Dijsselbloem (L) and Greek finance minister Yanis Varoufakis (R) speak during a press conference following a meeting at the Finance Ministry in Athens. Photograph: Simela Pantzartzi/EPA.

The new leftwing government in Athens opened negotiations on its bailout package with European partners on Friday by flatly rejecting the expected (...)

Sinking prices combined with stubbornly high unemployment led the European Central Bank president Mario Draghi to announce a €1.1 trillion stimulus plan last week that centered on government-bond purchases. (Photograph: Martin Leissl/Bloomberg)

Consumer prices fell more than economists forecast in January, underlining the challenges Mario Draghi faces as he seeks to stave off a deflationary (...)

Federal Reserve Chair Janet Yellen. The Reserve said falling energy prices ‘have boosted household spending power’. Photograph: Reuters

The Federal Reserve has signalled it remains on course to raise short-term interest rates this year despite weaker overseas growth and slowing inflati(...)

 Mark Carney, Bank of England governor, said ‘timidity has costs’ Photograph: Alan Betson / The Irish Times

Bank of England governor Mark Carney has urged the euro zone to take the controversial step of turning its currency area into a fiscal union in order(...)

Economist and new Greek finance minister Yannis Varoufakis has argued since the beginning of the crisis that Greece should default while staying a member of the euro area.

Greek five-year yields jumped to record highs on Wednesday as investor concerns that the new anti-bailout government in Athens was squaring up for a c(...)

Newly appointed Greek prime minister and winner of the Greek parliamentary elections, Alexis Tsipras, attends a swearing in ceremony by members of his cabinet at the presidential palace in Athens on January 27th, 2015. Photograph: Yannis Behrakis/Reuters

Greece’s radical leftist prime minister Alexis Tsipras announced his cabinet on Tuesday, giving the top economic posts to a former communist politicia(...)

Presidential guards parade before newly appointed ministers and deputy ministers at a swearing in ceremony outside the presidential palace in Athens on January 27th, 2015. Photograph: Marko Djurica/Reuters

Sometimes the right thing to do is the wise thing. That is the case now for Greece. Done correctly, debt reduction would benefit Greece and the rest o(...)