Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio in Crete. Photograph: Stefanos Rapanis/Reuters

Diplomatic efforts to persuade Greece to engage with European lenders have intensified ahead of the expected expiration of the Greek bailout on Tuesda(...)

Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio on the island of Crete. Photograph:  Reuters/Stefanos Rapanis 3:02

It has been obvious for some time that the creation of the euro was a terrible mistake. Europe never had the preconditions for a successful single cur(...)

 People read newspapers at a kiosk in central Athens on Monday. Photograph: Yannis Kolesidis/EPA 1:11

The Irish Travel Agents Association has said about 30,000 people travel to Greece from Ireland each year, and that the destination’s popularity hasn’t(...)

Negotiations on Iran’s disputed nuclear programme are also set to have an important impact on prices during the week

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing inv(...)

British prime minister David Cameron attended the Armed Forces Day in Guildford, southeast England at the weekend. Photograph: Eddie Keogh/Reuters

Greece’s referendum on austerity proposals is effectively an “in/out” vote on whether the country should stay in the euro, British prime minister Davi(...)

Greek Prime Minister Alexis Tsipras during a parliamentary session in Athens, Greece. Photograph: Milos Bicanski/Getty Images

The events that have unfolded over the past 48 hours appear to be pushing Greece closer towards the exit door. More than five years after it began its(...)

A man looks at screens displaying the dollar to yen and euro to yen exchange rates in Tokyo. The euro declined and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week

Europe’s financial markets were jolted on Monday by the collapse of talks and imposition of capital controls in Greece, although initial heavy selling(...)

People wait  outside a National Bank of Greece branch, in Athens, Greece this morning. Greece is imposing capital controls and ordering the closure of banks. Photograph: Orestis Panagiotou/EPA 5:02

Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Ath(...)

Michael Noonan: ‘I thought there was a basis for a solution in the two papers.’ Photograph: Michel Euler/AP

The European Commission and the IMF have said the “door is still open” for Greece to negotiate with lenders, as the European Commission published th(...)

A protester at an anti European Union (EU) demonstration outside the Greek parliament at Syntagma square in Athens. Photograph: Simon Dawson/Bloomberg

European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock(...)