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 1:30

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(...)

German finance minister  Wolfgang Schäuble  arrives at  a euro group meeting in Brussels, Belgium, on the fate of Greece, on July 11th, 2015. Photograph: Francois Lenoir/Reuters 1:30

The meeting of euro zone finance ministers in Brussel has adjourned for the night without a final decision on opening talks with Greece on a third bai(...)

European Commission vice-president Valdis Dombrovskis: European taxpayers had offered “unprecedented financial assistance” to Greece. Photograph: François Lenoir/Reuters

Euro zone finance ministers and leaders gather in Brussels today for a series of emergency meetings on Greece that are likely to prove decisive in th(...)

China’s president Xi Jinping: the bank is a key part of his  efforts to boost China’s influence, called “peripheral diplomacy”, and redress  China’s poor levels of representation on international bodies such as the World Bank and ADB.  Photograph: SeongJoon Cho/Bloomberg

Last week saw the official signing ceremony in Beijing of the Asian Infrastructure Investment Bank, a China-led international financial institution th(...)

UK chancellor of the exchequer George Osborne has indicated that he wants to begin reducing the government’s £32 billion stake in RBS. Photograph: Danny Lawson/PA Wire

Britain is planning to sell half its stake in Royal Bank of Scotland, worth £16 billion, within two years, according to sources have said. Chancellor (...)

German business morale weakened for a second straight month, suggesting concerns about the Greek debt crisis are hitting the mood in corporate boardro(...)

European Commission president Jean-Claude Juncker (third from right), IMF managing director Christine Lagarde (second from right), ECB president Mario Draghi (back to camera), eurogroup president Jeroen Dijsselbloem (second from left) and president of the European Council Donald Tusk (third from left), with officials at yesterday’s summit in Brussels, Belgium. Photograph: Emmanuel Dunand/EPA

As time runs out for Greece and its cash-starved banks, emergency talks in Brussels were billed as the last chance for euro-zone leaders to finally so(...)

European economics commissioner Pierre Moscovici warns that Ireland remains vulnerable to economic shock

EU economics commissioner Pierre Moscovici said “concrete proposals” were under discussion with Greece to settle its funding gap, but he warned that f(...)

The sales so far by Morgan Stanley have reduced the government’s stake down from 24.9 per cent when the plan was launched

Britain has reduced its stake in Lloyds Banking Group by a further 1 per cent to below 21 per cent, a further step towards returning the bank to full (...)

Yanis Varoufakis, Greece’s finance minister, speaks during a panel discussion at the Brookings Institution on the sidelines of the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington  Photograph: Andrew Harrer/Bloomberg

Greek finance minister Yanis Varoufakis promised to compromise in negotiations over the next instalment of a bailout loan that would prevent a default(...)