Greek presidential guards in Athens. At issue again is the cohesion of the euro zone, and whether Germany, and a majority of the 19-member Eurogroup, are willing to countenance a Greek exit. Photograph: Reuters

Almost four weeks after Alexis Tsipras swept to power in the Greek elections, Greece and its international creditors remain locked in a game of high-s(...)

Euro group president and Dutch finance minister Jeroen Dijsselbloem talks to the media before the euro zone finance ministers meeting in Brussels. Photograph: Julien Warnand/EPA

Portuguese bond yields fell sharply as markets digested Portugal’s decision to make a “clean exit” from the bailout, and euro zone finance ministers (...)

A man tries to look inside a branch of Laiki Bank in Nicosia a few hours before the reopening of the banks on the island last month. Photograph: Yorgos Karahalis/Reuters

Occasionally tuning in to the unfolding of the Cyprus fiasco on holiday over the past few weeks was a somewhat surreal experience. The conditio(...)