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(...)

Pensioners line up outside a National Bank branch in Athens, Greece. Bank branches around Greece opened on Wednesday to allow pensioners to receive a small part of their benefits. Photograph: Milos Bicanski/Getty Images

Euro zone finance ministers are set to hold an emergency conference call on Wednesday after Greek prime minister Alexis Tsipras contacted Brussels on (...)

Greek Prime Minister Alexis Tsirpas delivers a televised address to the nation from his office at Maximos Mansion  in Athens, Greece. Photograph: Getty 1:28

Greek Prime Minister Alexis Tsipras has vowed to push on with his plan for a referendum this Sunday on the recent proposals from the country’s credito(...)

People line up at an ATM outside a closed Piraeus Bank branch, after the Greek government imposed capital controls at the country’s banks in Athens. Photograph: Alkis Konstantinidis/Reuters

Euro zone stocks, low-rated bonds and the euro weakened on Tuesday as Greece looked set to default on a repayment due to the International Monetary F(...)

Monitors display the current exchange rate of the Japanese yen against the Euro in Tokyo. Photograph: Thomas Peter/Reuters

Asian shares rose on Tuesday after Chinese stocks broke a punishing three-day losing streak, but gains were capped by fears they could go into freefal(...)

IMF managing director Christine Lagarde speaks to Spanish Economy Minister Luis de Guindos prior to the beginning of a Eurozone finance ministers meeting in Brussels. Photograph: Reuters/Philippe Wojazer

Greece will fall into arrears with the International Monetary Fund and cannot receive any further loans when the Athens government fails to make a €1.(...)

 Puerto Rico govenor Alejandro Garcia Padilla

Puerto Rico needs to restructure its debts and should make reforms including cutting the number of teachers and raising property taxes, a report by f(...)

A protester flashes a victory sign behind a Greek flag in front of the parliament building, during an anti-austerity rally in Athens, Greece. Photograph: Yannis Behrakis/Reuters 3:02

Prime Minister Alexis Tsipras has urged Greeks to reject the terms of an international aid deal in a July 5th referendum, dismissing warnings that a ‘(...)