The Aioi Bridge in Hiroshima, Japan: US president Barack Obama is to attempt to reheat a pledge he made after he took office in 2009 to rid the world of nuclear weapons. Most critics, including survivors of the Hiroshima bombing, say he has little to show for the pledge. Photograph: Yuriko Nakao/Bloomberg

When the leaders of the world’s rich nations meet this week near Japan’s Ise Shrine for the G7 Summit, they’ll be encouraged to pause from putting on (...)

The presence of 50,000 migrants in Greece is proof that diplomacy works – on its own terms, and certainly not for the benefit of the victims of history. Above: a makeshift refugee camp is seen in the reflection of a passenger waiting area at the port of Piraeus, Greece. Photograph: Simela Pantzartzi/EPA

The Greek word “diplo” means “double”, from which we get the idea of “diplomat”, someone who moves between two points of view attempting a compromise.(...)

Germany’s ideas and interests are of huge importance to the euro zone. But they should not determine everything.

Why is conventional German thinking on macroeconomics so peculiar? And does it matter? The answer to the second question is that it matters a great d(...)

Minister for Finance Michael Noonan said that while the projections for Ireland three years ago was that Ireland would be paying about €11 billion in debt servicing costs at this stage, the cost was now around €6 billion.

Ireland is no longer seeking further debt relief from its European partners, Minister for Finance Michael Noonan has said, as he arrived in Brussels o(...)

Imbalances matter in the monetary union we have, one without redistribution and reinsurance systems. Photograph: iStockPhoto

Right now the biggest problem for Mario Draghi is not Greece. It is Germany. Last week the president of the European Central Bank hit back at Berlin’s(...)

Pope Francis: will receive the Charlemagne Prize at a ceremony in the Vatican on Friday. Photograph:  Filippo Monteforte/AFP/Getty Images

The European Union has failed to fulfil its founding promise of better economic security, conditions and opportunities for its citizens, the president(...)

A baby at a makeshift camp for migrants and refugees at the Greek-Macedonian border. Hanging the country out to dry and expelling it from the euro area as it grapples with Europe’s biggest refugee crisis since the Second World War is not an option.  REUTERS/Alexandros Avramidis

As thousands of migrants remain trapped in Greece the country finds itself at the coalface of Europe’s refugee crisis. It is hoping last month’s refug(...)

Charging an electric car. As VW negotiates the terms of compensation, engine fixes and car recalls for its massive fraud in the US, it stands to benefit from a German e-car stimulus programme co-financed by taxpayers and the industry.

German consumer groups have attacked plans for a €5,000 bonus to subsidise the purchase of German electric cars, days after Volkswagen agreed $5,000 i(...)

“Sometimes there is a contradiction between transparency and efficiency,” German finance minister Wolfgang  Schäuble said at a meeting of EU finance ministers in Amsterdam on Saturday. “We have to be cautious about lining someone up to be pilloried publicly.”

EU plans to force multinational companies to publicly reveal the taxes they pay in different countries have hit a political obstacle as German Finance(...)

German Chancellor Angela Merkel. If, or rather when, the next financial crisis begins we may find that sections of the German financial sector are insolvent.   Photograph: John MacDougall/AFP/Getty Images

It seems irrational for a German finance minister to question the independence of the European Central Bank and to mount a strong campaign against neg(...)

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