ESM managing director Klaus Regling pictured with European Commission president Jean-Claude Juncker earlier this week. Photograph: EPA

The EU body that gives loans to economically troubled member states says it saved the Irish taxpayer €87 million in debt repayments last year, the equ(...)

What do you tell a state with weird economic data, a kind of an economic boom under way, but still suffering the wounds from the crash?  Photograph: Hannelore Foerster/Getty Images

During the depths of a crisis, the regular economic updates from the troika were worth a read. There was considerable pressure on the government here (...)

Taoiseach Leo Varadkar. The ESM’s latest report was completed before Mr Varadkar’s Cabinet  halved Michael Noonan’s €1bn ‘rainy-day fund’. Photograph: Cole Burston/Bloomberg

Uncertainty over Brexit could make it more difficult for the Government to sell down the remaining shares it holds in domestic banks, the European Sta(...)

Greek finance minister Euclid Tsakalotos attends a cabinet meeting in Athens on Thursday. Photograph: Reuters

Greek parliamentarians have approved a set of extra measures demanded by international lenders for the country to receive further bailout funds and ch(...)

Demonstrators shout slogans during a protest this week against local government’s plans to cut spending on public health care in Madrid. Photograph: Susana Vera/Reuters

As Juana García withdraws money from an ATM in Madrid, she has conflicting feelings about the country’s banks. “They give the impression of being more(...)

Jean Claude Trichet the ECB’s message to Dublin was the same as the message of the central bank to Belgium, to Germany, to France.

Former head of the European Central Bank, Jean Claude Trichet, has said Ireland’s decision to guarantee its banks was “justifiable”, denying he previo(...)