Supporters of Podemos in Madrid celebrate after the regional and municipal elections in which the big loser was Spain’s ruling Popular Party. Photograph: Andrea Comas/Reuters

“The big cities are the engine of political change,” Podemos party leader Pablo Iglesias told rapturous supporters after Sunday’s regional and municip(...)

Joseph Stiglitz, Nobel prize-winning economist and professor of economics at Columbia University,. Photograph: Simon Dawson/Bloomberg

Joseph Stiglitz hankers after old heroes: Teddy Roosevelt, who broke up John D Rockefeller’s Standard Oil at the end of the Gilded Age in the United S(...)

Greece’s interior minister, Nikos Voutsis: ‘The four instalments for the IMF in June are €1.6 billion. This money will not be given, and is not there to be given.’ Photograph: Alexandros Vlachos/EPA

Greece will be unable to meet its repayments to the International Monetary Fund next month unless it reaches a deal with creditors, Greece’s interi(...)

Fast-growing medical devices, pharmaceutical, and computer software sectors are expected to drive most of the growth during the year. Photograph: Aidan Crawley/Bloomberg

Exports from indigenous businesses and multinationals are expected to exceed €207 billion this year, compared with €190 billion last year, based on(...)

Greece will not make a debt repayment to the International Monetary Fund due next month as it does not have the money, the country’s interior minister Nikos Voutsis has said. Photograph: EPA

Greece will not make a debt repayment to the International Monetary Fund due next month as it does not have the money, the country’s interior minister(...)

Greek prime minister of Greece Alexis Tsipras (right) and the president of the European Investment Bank Werner Hoyer at an Eastern Partnership summit in Riga, Latvia, on Friday. Photograph: EPA/Valda Kalnina

Expectations that Greece could win some leeway from international creditors at an EU summit were dashed yesterday as the leaders of France and German(...)

When the Oireachtas banking inquiry completes its work later this year, seven years will have elapsed since the onset of a banking crisis. This produc(...)

  Four months have passed since Alexis Tsipras’s hard-left Syriza movement swept to power with ardent promises of a new beginning for Greece, an end to austerity and the “humiliation” of troika oversight, and a write-down of the vast national debt. Well, it never happened. Photograph: Alkis Konstantinidis/Reuters

The long and increasingly dangerous standoff between Greece and its creditors is coming to a head. With its economy at a halt after years of turmoil a(...)

Latvian president Andris Berzins welcomes German chancellor Angela Merkel at the House of the Blackhead in Riga  at the start of the EU Eastern Partnership Summit. Photograph: Alain Jocardalain/AFP/Getty Images

German chancellor Angela Merkel has attempted to ease Russian concerns ahead of the Riga summit, stressing that the EU’s eastern partnership policy (...)

File photograph of Enda Kenny. Mr Kenny has been called to give evidence at the banking inquiry, along with Tánaiste Joan Burton. File photograph: Niall Carson/PA Wire

Taoiseach Enda Kenny, Tánaiste Joan Burton and Minister for Finance Michael Noonan are among 12 people sent letters today by the Oireachtas banking in(...)