Members of the Ukrainian armed forces  near Artemivsk, eastern Ukraine, February 23rd, 2015. Photograph: Gleb Garanich/Reuters

Kiev has accused pro-Russian rebels of opening fire with rockets and artillery at villages in southeastern Ukraine on Monday, all but burying a week-(...)

Greek finance minister Yanis Varoufakis (R) shakes hand with his Spanish counterpart  Luis De Guindos   during an extraordinary euro zone finance ministers meeting (Eurogroup) to discuss Athens’  bailout. Photograph: Eric Vidal/Reuters.

Greece and the Eurogroup of finance ministers have reached deal in principle to extend the country’s bailout by four months. The agreement remo(...)

Eurogroup president Jeroen Dijsselbloem arrives for a euro zone finance ministers’ meeting in Brussels yesterday to discuss Athens’ plans to reverse austerity measures. Photograph: Reuters/Yves Herman

Two themes that could have profound implications for Europe will dominate today’s EU summit in Brussels. Ukraine is expected to top the agenda, as EU (...)

Russian president Vladimir Putin delivers a speech at the 9th Congress of the Federation of Independent Trade Unions of Russia in Sochi on February 7th, 2015. Photograph: Aleksey Nikolskyi/AFP/Getty Images

British foreign secretary Philip Hammond accused Russian President Vladimir Putin on Sunday of acting like a “tyrant” over Ukraine, but said Kiev’s fo(...)

German chancellor Angela Merkel, Russia’s president Vladimir Putin (C) and French president Francois Hollande attend a meeting on resolving the Ukraine crisis at the Kremlin in Moscow. Photograph: Maxim Zmeyev/Reuters.

Talks involving France, Germany and Russia aimed at resolving the Ukraine crisis have ended without any word of an agreement.German chancellor Angela(...)

The failure of the advocate general to outlaw OMT at this juncture is likely to be welcomed by the ECB

The European Court of Justice has said that the ECB’s controversial Outright Monetary Transactions (OMT) programme is compatible in principle with (...)

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(...)

The timing of the legal opinion is sensitive, coming just over a week before the ECB’s next governing council meeting in Frankfurt at which it is expected the central bank may announce some form of full-scale quantitative easing.  Photograph: Reuters

The ECB will hear today if its bond-buying programme, known as Outright Monetary Transactions (OMT), is in danger of breaching EU law. The European Co(...)

Consequences for Europe

Greece’s parliamentary elections on January 25th promise to reopen the eurozone crisis just as the European economy risks tipping into a deflationary (...)

Ancient Greece themed fridge magnets sits for sale beside a one euro price sign at a Euro store in Athens, Greece. As Greeks are being urged to vote for a mainstream party to avoid EU exit,  there are reasons to fear a so-called ‘Grexit‘. (Photograph: Kostas Tsironis/Bloomberg)

The attempts by the eurozone’s big beasts to bully Greeks into voting the “right” way in their general election have begun. Der Spiegel magazine repo(...)