Europe’s vast service industry expanded faster than initially thought last month, surveys showed on Friday. Photo: Bloomberg

Europe’s vast service industry expanded faster than initially thought last month, surveys showed on Friday, speeding ahead despite warning signs that (...)

  European Stability Mechanism (ESM) managing director Klaus Regling (left) and Greek finance minister Yanis Varoufakis (right) at the start of the Eurogroup meeting at the European Council in Brussels last month. Photograph: Julien Warnand/EPA

The euro zone’s rescue fund, Greece’s largest creditor, said on Friday it reserved the right to call in €130.9 billion in debt ahead of schedule after(...)

An elderly man cries outside a national bank branch as pensioners queue to get their pensions in Thessaloniki on Friday. Photograph: AFP

The European Commission has denied talks are ongoing between the Greek government and EU lenders on a bailout deal ahead of Sunday’s referendum. Speak(...)

A referendum campaign poster that reads ‘Yes (Nai)’ is seen on a bus stop with a graffiti that reads ‘No (Oxi)’ painted on it in Athens, on Friday. Photograph: Reuters

Supporters of Greece’s bailout terms have taken a wafer-thin lead over the ‘No’ vote backed by the leftist government, 48 hours before a referendum(...)

Eurogroup president Jeroen Dijsselbloem has warned Greeks  their future in the euro is at stake. “One illusion must be swept from the table: that if the [referendum] outcome is negative, then everything can be renegotiated and you will end up with an easier and more attractive package.” Photograph: Emmanuel Dunand/AFP/Getty

Greece needs €60 billion in new financial help over the next three years and faces decades under a daunting mountain of debt that will make it vulner(...)

 A banner supporting the ‘No’ vote in the upcoming referendum hangs from the offices of the Greek finance ministry. Photograph: Getty

Greece’s left-wing government has called a referendum for Sunday, July 5th, after five months of acrimonious talks with its official creditors over an(...)

Police stand guard as a woman withdraws money from an  in Athens on Thursday  during a demonstration supporting the No vote for the upcoming referendum on Greece’s bailout terms. Photograph: Louisa Gouliamaki/AFP/Getty Images.

Greek prime minister Alexis Tsipras has told the Greeks public the problems they face because of closed banks “will not last long”. Mr Tsipras said he(...)

Greek prime minister Alexis Tsipras. Photograph: Marko Djurica/Reuters

The head of a key European institution has said that Sunday’s referendum in Greece falls below acceptable international standards for such plebiscites(...)

 German chancellor Angela Merkel (left) and German finance minister Wolfgang Schäuble talk during a meeting at the  Bundestag in Berlin, on Wednesday.  Photograph: EPA

One by one, leading figures in the German government made their way to the podium in the sun-drenched chamber of the Bundestag on Wednesday and accuse(...)

Tins of Nivea skin cream are pictured on a production line of German company Beiersdorf in Hamburg. Euro zone factory growth remained tepid as Greek debt talks, and the country’s possible departure from the bloc, dominated debate in Europe. Photo: Reuters

Asia’s largest economies showed hints of healing last month but euro zone factory growth remained tepid as Greek debt talks, and the country’s possibl(...)