Michael Noonan at the start of the Eurogroup finance ministers meeting at the European Convention Centre in Luxembourg. Photograph: Julien Warnand/EPA

The European Commission sounded an early warning to member states about their responsibilities under Stability and Growth Pact rules, as it advised S(...)

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(...)