Jose Angel Gurria, secretary-general of the Organisation for Economic Cooperation and Development (OECD) at the London School of Economics where he outlined the economic consequences. Photograph: Chris Ratcliffe/Bloomberg

Leaving the European Union would cost the average working Briton the equivalent of a month’s salary by 2020, the Organisation for Economic Co-operati(...)

IMF Managing Director Christine Lagarde: Greek Prime Minister Alexis Tsipras’s office has asked her to clarify the Fund’s stance, after Internet whistleblowing site WikiLeaks published what it said was the transcript of a March 19th conference call of three senior IMF officials.

Greece has demanded an explanation from the International Monetary Fund after an apparent leaked transcript suggested the IMF may threaten to pull out(...)

Christine Lagarde demonstrated leadership during the global financial crisis, Minister for Finance Michael Noonan said. Photograph: Fabrice Coffrini/Getty

Christine Lagarde has picked up support from European countries including Ireland and a one-time rival for a second term as leader of the Internationa(...)

UK government plans to sell at least £2 billion worth of shares in Lloyds next spring to return the bank to full private ownership following crisis bailout. Photograph: Getty.

Lloyds Banking Group reported weaker than expected third-quarter results on Wednesday, a setback for Britain’s finance ministry which is planning to r(...)

European commissioner for competition Margrethe Vestager holds a press conference on the EU decision to set out a template for recovering unpaid taxes and preventing tax avoidance by multinationals

Oxfam Ireland has urged the Government to take immediate action to force multinational companies to publicly declare where they pay taxes. The call co(...)

Greece’s finance minister, Euclid Tsakalotos, said he expects to open negotiations on debt relief by the end of the year. Photograph: Kostas Tsironis/Bloomberg

Greek finance minister Euclid Tsakalotos will meet his euro zone counterparts next Monday for the first time since his country’s September 20th genera(...)

Ukraine’s President Petro Poroshenko (L) is welcomed by European Commission President Jean-Claude Juncker (R) ahead of their meeting at the EU Commission headquarters in Brussels, Belgium. Ukraine said it has agreed a restructuring deal with creditors after five months of talks (Photograph: Yves Herman/Reuters)

Ukraine agreed a restructuring deal with creditors after five months of talks, giving President Petro Poroshenko some breathing room as he seeks to a(...)

Greek economy minister George Stathakis arrives for a meeting with representatives of the International Monetary Fund, the European Commission, the European Central Bank and the eurozone’s rescue fund, the European Stability Mechanism, at a hotel in Athens. Photograph: Alkis Konstantinidis/Reuters

Greek government sources say that following all-night talks, Greece and its creditors have reached an agreement on third bailout, in an accord which w(...)

 Greek prime minister Alexis Tsipras: is said to be negotiating seriously and constructively with officials representing creditors. Photograph: Yiannis Kourtoglou/Reuters

Germany has urged Greece and its creditors to put “quality before speed” as negotiators in Athens strive to finalise a bailout worth up to €86 billi(...)

Greek prime minister Alexis Tsipras faces a battle to contain a rebellion in his Syriza party should he agree a three-day deadline to adopt austerity measures and keep Greece in the euro.  Photograph: Jasper Juinen/Bloomberg

Greek prime minister Alexis Tsipras faces an uphill struggle to prevent a rebellion in the Syriza party if he accepts a deadline by Wednesday to adopt(...)