Berlin has delivered a blistering attack on Greece’s beleaguered radical prime minister, Alexis Tsipras, accusing him of lying to his own people and seeking scapegoats for the country’s misery everywhere but in his own ranks.
The U.K.'s economy had a better start to 2015 than previously thought - and British consumers seem to think it's the boom years of the early noughties again.
One big loser from Greece’s (likely) default is the reputation of the International Monetary Fund.
Greece is on course to miss a crucial debt repayment, amid a bitter row with creditors about who is to blame for the breakdown in talks on its eurozone future.
The eurozone’s three biggest countries have raised the stakes in next Sunday’s Greek referendum with an orchestrated warning to voters that a “No” vote would mean exit from the single currency and the return of the drachma.
China’s stock market slumped into bear market territory amid panicky trading on Monday, despite its central bank unexpectedly cutting interest rates over the weekend in an effort to stem the selling.
Five years from its inception, the world’s biggest bailout of a sovereign state will grind to an excruciating halt on Tuesday, theoretically leaving Greece high and dry and on its own under a leftwing government bitterly accusing the EU elite of deliberately using the country as a neo-liberal laboratory.
The international body that represents the world’s central banks has issued a stark warning that an unprecedented period of ultra-low interest rates mask deep weaknesses in the global economy and threaten to be the trigger for the next financial crisis.
David Cameron told a fellow EU leader that it “might be better” for Greece to withdraw from the eurozone to allow it to fix its economy, according to a leaked diplomatic document.
Eurozone finance ministers and Greece’s creditors are to draw up emergency measures on Saturday to cope with a default by the debt-ridden country unless the Greek prime minister, Alexis Tsipras, accepts the creditors’ terms for a five-month extension of Athens’ bailout.
Mervyn King, the former Bank of England governor, has delivered his most stinging criticism of George Osborne and the Treasury over the Brexit campaign, saying they will need to row back from exaggerated claims that left him “baffled”.
Sterling and European stock indexes fell further on Monday, with the outlook for the region unclear after the U.K. voted to quit the EU last week.
George Osborne has sought to reassure financial markets by insisting Britain’s economy is in a strong position to adjust to life outside the European Union.