Greek prime minister Alexis Tsipras: assured governors that loans were only temperory. (Photograph: John Thys/AFP/Getty Images)
Greece taps local funds

Greece’s governors and other local officials have agreed to lend cash to the near-bankrupt central government after prime minister Alexis Tsipras assu(...)

Greek myths: A sixth myth is that if Greece defaults, it would have to create a new currency and so leave the eurozone.

The Greek epic continues. It will not end well if the people involved do not recognise they are clinging on to myths. Here are six, each of which pose(...)

European Central Bank (ECB) president Mario Draghi holds a press conference at the IMF/WB Spring Meetings in Washington.

The euro fell across the board on Tuesday, as details emerged on a European Central Bank proposal to increase the insurance it would demand in return (...)

The euro has tumbled towards parity with the dollar and bond yields across the region have sunk to the lowest in history

Central banks keen to steer clear of negative-yielding assets in a rapidly depreciating currency could cut the foreign exchange reserves they hold in (...)

A specialist trader works at a Virtu Financial booth on the floor of the New York Stock. Photograph: Brendan McDermid/Reuters

An index of Asian shares slipped on Monday and Chinese stock markets erased earlier sharp gains made after China’s central bank boosted banks’ lending(...)

A European Union flag and a Greek national flag fly beneath the Parthenon temple on Acropolis Hill in Athens, Greece. Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund’s European head told a German newspaper. Photograph: Kostas Tsironis/Bloomberg

Global lenders’ negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finis(...)

Aer Lingus shed some of the gains it made on Thursday on the back of reports the Government was close to agreeing to sell the State’s stake to  IAG. Photograph: Alan Betson

European stocks slid on Friday as concern over the impact of Greek debt was exacerbated by declines in the US and Asia. A two-hour blackout at news a(...)

 Prime minister David Cameron on the Conservative election campaign bus, near Builth Wells, Wales. Photograph:  Peter Macdiarmid/Getty Images

Job numbers in the UK now stand at a record high and unemployment has fallen back to 1.8 million, according to published figures seized upon by the(...)

Germany’s Dax, down 1.9 percent, underperformed the wider market, after a recent sharp rally and as the euro gained against the dollar. Photograph: Reuters/Pawel Kopczynski

European stocks slipped on Thursday due to Greece’s worsening financial predicament, while euro zone government borrowing costs, including Ireland’(...)

Yanis Varoufakis, Greece’s finance minister, speaks during a panel discussion at the Brookings Institution on the sidelines of the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington  Photograph: Andrew Harrer/Bloomberg

Greek finance minister Yanis Varoufakis promised to compromise in negotiations over the next instalment of a bailout loan that would prevent a default(...)