People pass by a political poster reading:  “Troika out. Elections now. Turn the crisis around. Cut the debt and not the salaries”, on a street in Lisbon earlier today.  Photograph: Jose Manuel Ribeiro/Reuters

Portugal has issued its first new government bonds since requesting (...)

A sharp drop in German business activity overshadowed an easing downturn in France in April, surveys showed today, raising concerns over a furt(...)

The British Parliamentary Commission on Banking Standards report said estimated impairments in Ireland between 2008 and 2011 totalled £10.9 billion,equivalent to 36 per cent of Halifax’s loan book at the end of 2008. Photograph: Brenda Fitzsimons

Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider b(...)

French president Francois Hollande’s government has  acknowledged it will overshoot this year’s target deficit of 3 per cent previously agreed with the European Commission. Photograph: Fred Dufour/Reuters

France missed its budget deficit target in 2012, as it will again this year, underlining the severe challenge facing President François Holland(...)

A crowd waits for a branch of Cyprus Bank to open in Nicosia. Photogaph: Angelos Tzortzinis/The New York Times

Angry Cypriots queued to withdraw money yesterday as banks reopened for the first time in nearly two weeks under a regime of strict capital con(...)

A protester atop the fence at the presidential palace during an anti-bailout rally in Nicosia yesterday. Photograph: Yannis Behrakis/Reuters

Michael Jansen The chief executive and board members of the Bank of Cyprus and Laiki Bank, the country’s two largest, were dismissed y(...)

A man withdraws money from an automatic teller machine at a branch of Bank of Cyprus. A euro zone proposal would see Cyprus receive a bailout worth ¤10 billion but it has demanded depositors in its banks forfeit some money to stave off bankruptcy. Photograph: Reuters

Cyprus has postponed its parliamentary vote on a bank deposits levy until tomorrow.  Yiannakis Omirou, the speaker of parliament, said the(...)

President Robert Mugabe: since 1980 he and his party have changed the constitution more than aa dozen times. Photograph: Philimon Bulwayo

A decision by Zimbabwe ’s official election body yesterday to uphold a ban on a leading rights group from monitoring the poll marked the(...)

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