Greek prime minister Alexis Tsipras:  calling for support from opposition parties, he has reiterated that his government  will  implement a February 20th deal struck with the euro zone.  Photograph: François Mori/AP

Greece has failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from A(...)

Joint news conference: German chancellor Angela Merkel  and French president François Hollande   yesterday. Photograph: Bernd Von Jutrczenka/EPA

After three years of mixed messages and missed chances, two tragedies in three months have kickstarted the stalled Franco-German motor.Chancellor Ang(...)

Fairfax would have paid €93.5 million for the Bank of Ireland shares when it bought into it in 2011

Billionaire Prem Watsa’s Fairfax Financial stands to make up to €255 million from the sale of shares in Bank of Ireland. Fairfax said yesterday it wa(...)

Joan Burton said Irish people were sympathetic to Greece, reflected in their €350 million contribution to its EU/IMF programme, but that Ireland wanted to see more progress on tackling corruption and boosting tax revenue. Photograph: Gareth Chaney Collins

Tánaiste Joan Burton has called on Greece to make credible progress in boosting the tax take and fighting corruption before it receives the final €7 b(...)

The loss of 72 German nationals, including 16 schoolchildren, on Germanwings flight 4U 9525 was one of the largest losses of life in a single incident in recent German history. Photograph: Getty Images

The theme of European solidarity came to the fore in Europe in very different ways this week.On Monday, Greek prime minister Alexis Tsipras visited Be(...)

The IMF has issued a warning on public sector pay, saying the Government should contain the wage bill as the advancing recovery starts to “fire on all cylinders”.

The International Monetary Fund has issued a warning on public sector pay, saying the Government should contain the wage bill as the advancing recover(...)

Traders work on the floor of the New York Stock Exchange. Photograph: EPA/JUSTIN LANE

US interest rate hikes are coming but there’s no rush to do so, Federal Reserve chief Janet Yellen announced last week, an unexpectedly dovish message(...)

‘If we had foreclosures at even Spanish levels – and the crisis here was worse – some 30,000 houses would have been repossessed. Instead, the latest figures indicate fewer than 4,000 homes were repossessed by the end of last year.’ Photograph: Getty Images

The Government is working on yet another plan to deal with mortgage arrears. The crisis has already involved three expert groups and successive policy(...)

Angela Merkel: made a specific reference to Ireland

Ireland’s reputation as the poster boy for European reform resurfaced yesterday, as EU leaders mulled over the latest development in the Greek bailout(...)

(From left to right)  European Commission president Jean-Claude Juncker, Greek prime minister Alexis Tsipras, president of the European Council, Polish, Donald Tusk, secretary general of the  EU council Uwe Corsepius, ECB president Mario Draghi, French president Francois Hollande, German chancellor Angela Merkel and Dutch finance minister and president of Eurogroup Jeroen Dijsselbloem sit at the start of a special roundtable meeting on the Greek financial crisis, on the sideline of an EU summit in Brussels,  on Thursday. Photograph: EPA

The situation between Greece and its international creditors remains precarious as another late-night meeting in Brussels ended without specific progr(...)