Euro in crisis

In-depth news, commentary and analysis of the eurozone’s debt crisis and its faltering recovery as it struggles with austerity and attempts to regain competitiveness

One in five EU part-time workers underemployed

Growth too slow for companies to add  jobs in large numbers

Comment and analysis

epa04584646 Alexis Tsipras, opposition leader and head of radical leftist Syriza party, greets supporters after the initial election results for the Greece general elections in Athens, Greece, 25 January 2015. Greeks revolted against five years of unrelenting austerity Sunday in a landmark vote that saw the leftist anti-bailout party SYRIZA place first in parliamentary elections. The opposition party was projected to earn around 35 per cent of the vote, falling short of an absolute majority in the 300-seat Parliament by one or two seats, the Interior Ministry said. Thousands of SYRIZA supporters flocked to the Athens University building, chanting and waving the party's red and white flags as party leader Alexis Tsipras addressed the crowd. 'The vote of the Greek people has closed the vicious circle of austerity,' he said, declaring Greece's 240-million-euro (270-million-dollar) bailout now 'a matter of the past.' EPA/ORESTIS PANAGIOUTOU ©EPA
Reduced liquidity and crowded trades mean danger remains
– Ralph Atkins
The Celtic Tiger has become a model to be followed by other bailout countries, writes Peter Cunningham
Defaulting on the IMF and ECB is the only route to short-term relief but nobody has ever done it
– Wolfgang Münchau

Eurozone in push to spur Greek talks

Finance minister isolated as eurogroup chairman calls premier

French weakness hits eurozone recovery

PMI fall dashes hopes last year’s poor performance overcome

Draghi: Eurozone has tools to deal with Greece

IMF meeting overshadowed by renewed fears about the risk of debt default

Moscovici warns Greece to agree reforms

EU’s top economic official says there is no Plan B

Pressure mounts on Greek debt

July 2017 debt at highest yield since restructuring

Europe faces more than a Greek tragedy

Debt crises have distracted from the structural flaws and political challenges that imperil the euro

Greece can replace stalemate with sanity

If Athens cannot deliver critical reforms, it better leave the eurozone, writes Reza Moghadam

Southern states sure of surviving Grexit

Italy, Portugal and Spain say eurozone is strong enough to ride out storm, but not all observers agree

Spectre of Grexit back as cash runs out

Going will be hard for Athens, no matter which way it turns

ECB rate-setters query upbeat forecasts

Sharper oil price rise or weaker global trade could trim growth

Euro emerges at heart of Polish poll race

Incumbent seeks to dismiss moves to paint him as europhile

Greece sends new reform list to eurozone

26-page list is most comprehensive effort to unlock bailout cash

A mishap should not seal Greece’s fate

An accidental eurozone exit is quite likely

Weaker euro helps ease eurozone deflation

Unemployment at three-year low as signs of economic recovery strengthen

Eurozone pulls back from the brink

Economic sentiment rises in March to a near-four-year high

Greek exit fears climb eurozone agenda

Quantitative easing ‘artificially’ masks pain, says economist

US money invades eurozone shores

QE and weaker euro bring equity fund inflows of $9bn in March

Growth alone will not stabilise Europe

Immigration fears and elite corruption bolster far right

Gloomy forecast for eurozone jobs

Depth of crisis means one in ten workers would remain jobless

Eurozone QE relies on a confidence trick

Impact is unknown without evidence of how it affects the real economy

Tsipras vows to accelerate reforms

Wrangles continue as Greek PM fails to secure urgently needed cash

Yellen fights back in euro-dollar drama

Euro fall highlights disruptive potential of central bank actions

Lisbon maintains degree of balance

Portugal’s crisis appears to have been well contained compared with some peripheral eurozone countries

Belgium questions Greek tactics over debt

Finance minister says eurozone countries prepared to let Greece leave the euro

Smoke and mirrors safer than cold turkey

Grexit would bring economic misery in the short term

Euro plunge tests ECB inflation forecast

Speed of fall takes central bank economists by surprise

Ultra-low interest rates could run and run

Instead of Japanification, we should probably now switch to a new term: Europification