Jack Lew

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Germany’s finance minister, Wolfgang Schäuble: says he told Greece “just do it” with regard to outlining latest aid proposals. Photograph: Martin Leissl/Bloomberg

Wolfgang Schäuble, Germany’s hardline finance minister, warned Athens that its euro membership was “not etched in stone” as he vowed to use the Greek (...)

Greek finance minister Euclid Tsakalotos and his predecessor Yanis Varoufakis talk during a parliamentary session in Athens. Photograph: Giorgos Kontarinis/Eurokinissi/Reuters

There were hopes on Thursday night that a Greek deal could be in the offing, as the Greek government submitted fresh bailout proposals to EU instituti(...)

A street vendor prepares corn for sale during a pro-European Union demonstration in front of the Greek parliament in Athens. Photograph: Louisa Gouliamaki/AFP/Getty Images

Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, wh(...)

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’s prime minister Alexis Tsipras talks with  president  Prokopis Pavlopoulos in the Presidential Hall in Athens. Photograph: Fotis Plegas G/EPA.

Greece must submit detailed reform proposals to creditors by midnight on Thursday or risk expulsion from the euro zone, officials have said, as the co(...)

US president Barack Obama: keeping in touch with European leaders as US continues to monitor the Greek debt crisis. Photograph: Saul Loeb/AFP/Getty images

The Obama administration has again warned of the potential damage to the European economy and the knock-on effect on the US economy if the Greek de(...)

European Commission President Jean-Claude Juncker gives a statement  on the situation in Greece, at the EU commission headquarters in Brussels. Photograph: Reuters/Yves Herman

Jean-Claude Juncker took to the podium in the packed European Commission press room yesterday, but his focus was not the swarms of journalists that(...)

A protester flashes a victory sign behind a Greek flag in front of the parliament building, during an anti-austerity rally in Athens, Greece. Photograph: Yannis Behrakis/Reuters

Prime Minister Alexis Tsipras has urged Greeks to reject the terms of an international aid deal in a July 5th referendum, dismissing warnings that a ‘(...)

The US treasury department, with the Bureau of Engraving and Printing (BEP), expects to unveil the new US$10 note in 2020, the 100th anniversary of the passage of the 19th Amendment, which gave women the right to vote. Photograph: Karen Bleier/AFP/Getty Images

For the first time in more than a century, US paper currency will feature the face of a woman. Treasury secretary Jack Lew said on Thursday a newly r(...)

 Syrian refugees waiting on the Syrian side of the border crossing  near Akcakale, in Turkey’s Sanliurfa province, on Wednesday. Iran has denied it has deployed troops in Syria to bolster the Syrian army and its militia allies although this has been widely reported in the Syrian media. Photograph: Sedat Suna/EPA

UN special envoy Staffan de Mistura estimates that Iran spends $6 billion (€5.3 billion) a year to sustain the Syrian regime. This figure apparently e(...)

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