Minister for Finance Michael Noonan with the European economics commissioner Pierre Moscovici in Brussels. Photograph: Emmanuel Dunand/AFP

Euro zone finance minsters pledged to “work constructively” with the new Greek government but ruled out any cut to the country’s nominal debt despite (...)

Incoming Greek prime minister  Alexis Tsipras is being far more realistic about austerity and growth than European officials who want the beatings to continue until morale improves. Photograph: Michael Kappeler/EPA

Alexis Tsipras, leader of the left-wing Syriza coalition, has become prime minister of Greece. He is the first European leader elected on an explicit(...)

Speaking as the Eurogroup of finance ministers met in Brussels, Dutch finance minister Jeroen Dijsselbloem said: “We all have to realise and the Greek people have to realise that the major problems in the Greek economy have not disappeared and haven’t even changed overnight because of the simple fact that an election took place”. Photograph: Olivier Hoslet/EPA.

The European Union showed a willingness on Monday to give Athens more time to pay its debts, but said it would not yield to a new Greek government’s d(...)

Alexis Tsipras,  leftist Syriza party, greets supporters after the initial results for the Greece general elections in Athens, Greece, 25th January 2015. Photograph: EPA/Orestis Panagiotou

The left-wing, anti-austerity party Syriza has won the Greek general election and has allied with a right wing party against Greece’s bailout and aust(...)

Jeroen Dijsselbloem has said the question of extending the Greek bailout would be under consideration at today’s euro group meeting, which will be attended by Irish finance minister Michael Noonan and his 18 euro zone counterparts.  Photograph: Kiyoshi Ota/Bloomberg.

The eurogroup is willing to work with the new Greek government, but there is little support for any writedown in the nominal value of debt, the head o(...)

A soldier salutes he passes the Greek parliament building following the electoral success by Syriza in the Greek general election   in Athens, Greece. Photograph:   Matt Cardy/Getty Images)

Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government’s (...)

Alexis Tsipras, leader of the Syriza party, waves to supporters as he arrives at Athens University following his election victory in Athens, Greece, on Sunday, January 25th, 2015. Tsipras said that Greece’s era of bowing to international creditors is over, as he celebrated his party’s victory in Greek elections dominated by a public backlash against years of budget cuts. (Photograph: Kostas Tsironis/Bloomberg)

After five years of relentless belt- tightening, Greeks have said enough. It’s now up to the country’s euro-area peers to decide how to respond to the(...)

The headquarters of the ECB in Frankfurt. Ireland has a potential to be the fastest growing euro zone country in 2015, Mr Coeuré

Edited transcript of interview with Benoît Cœuré, member of the executive board of the ECB, conducted by Arthur Beesley on January 12th, published on (...)

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 economics minister Sigmar Gabriel said on Monday he expected existing agreements to be honoured by a new Greek government, “whoever forms it”. Photograph: Reuters

Germany has said it will not be “blackmailed” into renegotiating Greece’s rescue programme should a new hard left government take office after electio(...)