Ryanair put in another strong performance, on back of steady volumes, closing the day 29 cent or 3.3 per cent up at €9.96 following a sector-wide trend. Photograph: Robin Townsend/EPA

Stock markets around the world clung to modest gains on Thursday, with European equities retreating from seven-year highs, after Germany rejected a(...)

Alexis Tsipras, leader of the Syriza party, reacts whilst speaking to fellow attendee at a pre-election party congress in Athens, Greece. Photographer: Kostas Tsironis/Bloomberg

Anti-austerity leader Alexis Tsipras said Greece cannot repay its debt as long as its creditors enforce “fiscal waterboarding” and signaled he will bo(...)

German finance minister Wolfgang Schäuble insisted  legislating for direct ESM recapitalisations  would did not open the floodgates and allow problem banks empty the rescue fund. Photograph: Eric Luke

Germany has backed the principle of retroactive direct bank recapitalisation for euro zone banks, after the cabinet in Berlin gave the go-ahead yes(...)

Klaus Regling, chief executive officer of the European Stability Mechanism. Photograph: Graham Crouch/Bloomberg via Getty Images

Amidst the vast expanse of Luxembourg’s gleaming financial and European district, a new building has quietly taken its place. The European Stability M(...)

A final decision on the adjustment of Ireland and Portugal’s bailout loans will not be reached until the May meeting of Europe(...)

German finance minister Wolfgang Schäuble: said it was preferable to tap the high level of foreign capital in Cypriot banks, including from Russia, before expecting European taxpayers to underwrite the programme cost. Photograph: Vincenzo Pinto/AFP/Getty

German finance minister Wolfgang Schäuble has said recent experiences in Iceland and Ireland had shown why Cypriot bank investors should accept(...)