Former Greek Finance Minister Yanis Varoufikis speaking to media before the start of the Kilkonomics festival in Kilkenny. Photograph: Alan Betson

Ireland is no “paradigm of successful austerity” and owes its success to a more lenient approach taken by its creditors and a corporation tax rate tha(...)

 People celebrate in front of the Greek parliament as early polls predict a win for the Oxi, or No, campaign in the Greek austerity referendum. Photograph: Getty

So Greece has voted no. What happens next? Like every step in this dramatic saga, there are still a number of possible outcomes. The No vote makes a(...)

Greek Prime Minister Alexis Tsipras aid on Friday he was more optimistic after three hours of talks with leaders of Germany, France and European Union institutions on how Greece can secure further financing in exchange for reforms.  Photograph:  John Thysjohn/AFP/Getty Images

Greece agreed last night to submit a fresh list of reforms “within days” to lenders, as the impasse between Athens and creditors continued amid signs (...)

Eurogroup president Jeroen Dijsselbloem: said that while there was ‘room to manoeuvre’ with Greece, any new left-wing government must honour existing agreements with the EU-IMF. Photograph: Kiyoshi Ota/Bloomberg

Euro zone finance ministers gather in Brussels tomorrow for a scheduled Eurogroup meeting that will be dominated by the outcome of the Greek elections(...)

 After the International Monetary Fund cut its global growth forecasts for next year, the opening day in Davos was dominated by discussion of the economy. Photograph: Bloomberg

The focus turned to the snowy Alpine resort of Davos this week as leading political and business figures gathered for the opening of the World Economi(...)

The timing of the legal opinion is sensitive, coming just over a week before the ECB’s next governing council meeting in Frankfurt at which it is expected the central bank may announce some form of full-scale quantitative easing.  Photograph: Reuters

The ECB will hear today if its bond-buying programme, known as Outright Monetary Transactions (OMT), is in danger of breaching EU law. The European Co(...)

Greece’s finance minister Gikas Hardouvelis and European economic and financial affairs commissioner Pierre Moscovici in Brussels: tensions that  have been simmering in Greece over its imminent bailout exit erupted this week. Photograph: Francois Lenoir/Reuters

As Irish citizens took to the streets to protest against austerity measures imposed in part by the troika, another bailout country re-emerged onto the(...)

Euro group chief Jeroen Dijsselbloem said it was vital that Greece ensures a “rapid and full implementation of all the reform measures necessary to conclude the fifth review”.

Suzanne Lynch in Brussels Greece was given a two-month extension to its bailout on Monday, as Athens announced it will hold presidential elections thi(...)