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“Greece really needs a strong and relatively stable international backdrop, because it needs economic growth, at an estimated 1.4 per cent last year and 2 per cent this year, to take hold.” Photograph: Oli Scarff/Getty Images

It is a bit much to see the usual suspects in the European institutions queue up to congratulate Greece this week on exiting its bailout. European Cou(...)

Yanis Varoufakis’s motto was “If you cannot imagine walking out of a negotiation, you should not enter it.” In the end, he was thrown out for trying to discuss the emperor’s new clothes. Photograph: Milos Bicanski/Getty Images

It is inconceivable that an Irish finance minister would resign on a question of principle. But Yanis Varoufakis, the Greek finance minister from Janu(...)

Observer: Richard Pine in Greece
Greece is Ireland. Ireland is Greece
  • Europe
  • September 12, 2015, 01:00

I love Ireland, where I lived for many years. And I love Greece, where I have lived for the past 15. The letters “eu” are the prefix for Greek hopefu(...)

Greece’s prime minister Alexis Tsipras reacts after arriving at the Greek parliament to address lawmakers in Athens. Photograph: Kostas Tsironis/Bloomberg

Almost two weeks after the banks closed and their economy went into freefall, Greeks awoke this morning to news that a deal is taking shape to avert a(...)

European Council president Donald Tusk: “This is really and truly the final wake-up call for Greece but also for us, our last chance.”  Photograph: François Lenoir/Reuters

The European Central Bank capped the amount of emergency funding it is providing to the Greek banking sector at €88.6 billion on Wednesday, in a si(...)

Greece may bring more to the table in negotiations for a debt deal with its creditors, a close aide to the prime minister said on Saturday, as time ru(...)

Greece’s prime minister Alexis Tsipras listens in parliament to a speech  by his predecessor, Antonis Samaras, who was in Brussels this week, where he discussed the continuing Greek crisis with European Commission president Jean-Claude Juncker. Photograph: Kostas Tsironis/Bloomberg

As negotiations continued this week in Brussels between Greek officials and international creditors, another figure from the Greek political scene was(...)

Mr Kenny said Greece will ‘in theory’ repay the €350m paid to it by Ireland.  Photographer: Dara Mac Dónaill/The Irish Times

Taoiseach Enda Kenny has said it will be “very difficult” for Greece to achieve a writedown of debt agreed under its €240billion international bailout(...)

The election of Syriza, the most leftwing government in Europe since the 1936 Spanish and French Popular Fronts , should be a profound wake-up call, n(...)

Patrick Honohan,   Governor of the Central Bank, arriving at the Dail for the Oireachtas Banking Inquiry – has estimated   that the banking crisis will end up costing us around €40 billion. – Photograph: Alan Betson / The Irish Times

Patrick Honohan, the Central Bank governor, calculates that the banking crisis will end up costing us around €40 billion. Michael Noonan, the Minister(...)