A European Union  flag alongside a Greek national flag beneath Acropolis Hill in Athens, Greece. The troubled state’s bailout is due to expire at the end of next week.  Photographer: Kostas Tsironis/Bloomberg

Euro zone finance ministers including Michael Noonan travel to Brussels on Friday for an emergency meeting amid mounting uncertainty about the status (...)

French economist Thomas Piketty (R) listens to the translation of his speech during his press conference at Japan National Press Club in Tokyo on Sunday. Japanese language version of Piketty’s book, ‘Capital in the Twenty-First Century,’ started selling in Japan from December 2014, becoming the best-selling book in Japan. (Photograph: AFP/Getty Images)

Thomas Piketty, the French economist whose 2013 book on wealth inequality became an international best- seller, said Europe should learn from Japan th(...)

Yanis Varoufakis, Greece’s incoming finance minister. Photograph: Yorgos Karahalis/Bloomberg

Confirming their pre-election pledges but dispelling hopes among the country’s lenders that they would proceed cautiously upon taking office, membe(...)

The German economy had a robust start to last year but only narrowly avoided a contraction in the third quarter after shrinking in the second

Private consumption and trade fuelled a 1.5 per cent expansion of the German economy in 2014, its best performance in three years but a result which m(...)

Mario Draghi has dismissed speculation that he could leave Frankfurt and return to Rome as successor to departing Italian president, Giorgio Napolitano

ECB president Mario Draghi has hit out at the many German critics of his bank’s monetary policy and denied rumours he will depart Frankfurt to beco(...)

The mood of self-congratulation in Berlin over the balanced budget makes any easing of fiscal policy seem unlikely, even though the German economy is expected to slow this year.

Germany boasted on Tuesday it had balanced its budget for the first time since 1969 and pressed euro zone partners to follow its austere example rath(...)

China stocks closed up more than 2 per cent on Wednesday, boosted by a late afternoon rally which helped the stock market become the best performer among major global bourses this year. (Photograph: Aly Song/Reuters)

Oil headed for the biggest annual decline since the 2008 global financial crisis as US producers and the Organization of Petroleum Exporting Countries(...)

The Russian currency is down some 40 per cent against the dollar this year.An employee uses a machine while counting Russian ruble banknotes at a private company’s office in Krasnoyarsk, Siberia. Photograph: Ilya Naymushin/Reuters

A recovery in the rouble ran out of steam on Tuesday as oil prices slid, wiping out early gains driven by modest foreign-currency sales on the final (...)

Angela Merkel: “I am no judge or criminal investigator, I can only rule out that the federal government has ever made laws that insinuate that anything like that can be done.” Photograph: Julien Warnand/EPA

Chancellor Angela Merkel has said that her government has never acted in a way that would encourage tax optimisation by companies operating in Germany(...)

Luxembourg’s prime minister Xavier Bettel commenting on the tax debate in Brussels  said  “everybody is now in the same boat”. Photograph: Olivier Hoslet/EPA

The surprise announcement by the European Commission that it is to extend its request for information on tax rulings to all European Union member stat(...)