European Central Bank President (ECB) Mario Draghi delivering a speech during an official dinner at the Presidential Palace in Nicosia, Cyprus on Wednesday. The ECB, meeting in Cyprus, is expected to keep rates on hold and probably lift growth forecasts to reflect a string of positive data surprises.  (Photograph: EPA)

Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects on Thursday and unveil some but n(...)

Pedro Passos Coelho: “The market conditions that Portugal has access to now are more favourable that those agreed on with the IMF and therefore we will save in the future by paying part of the IMF loan early.”  Photograph: Krisztian Bocsi/Bloomberg

Portugal plans to make an early payment of about €14 billion of its bailout loans from the International Monetary Fund after borrowing costs dropped, (...)

Hulking presence: Dominique Strauss-Kahn was at the centre of the trial, just as he had been the focal point at the orgies held for his benefit. Photograph: Gonzalo Fuentes/Reuters

For much of the past three weeks Dominique Strauss-Kahn sat on the front row of a cold, spartan underground courtroom in the French provinces, char(...)

Ex-IMF chief Dominique Strauss-Kahn leaves his hotel during the third week of the so-called “Lille Carlton Hotel Case” trial. Photograph: Getty

Dominique Strauss-Kahn’s three-week trial for aggravated pimping ended late yesterday with a show of bonhomie and self-congratulations all around. (...)

A man makes a transaction at an ATM outside a National Bank of Greece branch in Athens, on Thursday. Photograph: Alkis Konstantinidis/Reuters

Following is the text of a letter sent by Greek Finance Minister Yanis Varoufakis to his Dutch counterpart Jeroen Dijsselbloem, president of the Eurog(...)

At the very least US spenders will, once again, have to pull not only their own economy, but much of the rest of the world. Photograph: Michael McCloskey

Why is the dollar so strong? It has soared 25 per cent on a real trade-weighted basis in the past four years, evoking memories of ascents in the early(...)

Greek prime minister Alexis Tsipras addresses  a meeting  at the Parliament in Athens. Photograph: Simela Pantzartzi/EPA.

Greece is considering requesting an extension to its loan agreement, government officials have said, in an effort to reach a last-minute deal with the(...)

Dominique Strauss-Kahn, the former head of the International Monetary Fund (IMF),  and 13 others are charged with hiring prostitutes for orgies in a case known as the “Carlton Affair” for the name of the hotel in Lille where some of the sex parties took place. Photograph: Jasper Juinen/Bloomberg.

A French prosecutor has urged judges to clear Dominique Strauss-Kahn on charges of aggravated pimping. The intervention comes after two weeks o(...)

Greece’s prime minister Alexis Tsipras. His government has reportedly agreed with its European partners that there needs to be a “national reform plan” to deal with the economy. Photograph: Bloomberg

Greece has agreed with its European partners that there needs to be a “national reform plan” to deal with decades-long issues of the economy, its gove(...)

International Monetary Fund  managing director Christine Lagarde with Greek finance minister Yanis Varoufakis at an extraordinary euro zone finance ministers’ meeting in Brussels last night. Photograph: Francois Lenoir/Reuters

Germany has urged Greece to follow Ireland’s example in how it retooled its bailout programme after the last general election rather than trying to r(...)