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

Eurozone says no Greek deal without IMF

Cash-strapped Athens could be left for weeks with no aid

Comment and analysis

The appetite among political leaders for a step change, always lukewarm, has cooled even more
– Peter Spiegel
Greece's prime minister Alexis Tsipras, left, and finance minister Yanis Varoufakis ©AP
Can Europe really allow Athens to fall into the arms of Moscow?
– Philip Stephens
A trader point at a graphic on a computer screen in Lisbon on April 23, 2014 during the auction of Portuguese Treasury Bills. Portugal easily raised 750 million euros in a landmark 10-year bond issue at a sharply reduced interest rate today, market data showed. The funds, equivalent to $1.0 billion, were raised at an interest rate of 3.575 percent amid strong demand from investors, marking a crucial step on the country's road to emerging from an EU-IMF rescue programme on May 17. AFP PHOTO/ PATRICIA DE MELO MOREIRA (Photo credit should read PATRICIA DE MELO MOREIRA/AFP/Getty Images) ©AFP
QE has induced volatility in German bonds and relative calm elsewhere
– Ralph Atkins

Simple core to Grexit and Brexit issues

The European problems of Greece and Britain involve no innate difficulty

Eurozone GDP growth

Shoppers bolster eurozone economy

Germany misses forecasts while France and Italy outperform

Europe refuses to rush on UK demands

Uphill task as Schäuble knocks Osborne’s ‘silly’ interventions

Promises of spring stirred by credit thaw

Benefits of fillip in lending will play out in trio of data sets

European financial supervisors foresee greater risks

Problems for investors entrenched with QE and negative interest rates

Grexit may be best for a bad marriage

Ingram Pinn illustration
©Ingram Pinn

Eurozone markets dip as QE euphoria fades

Analysts say surging asset prices were due for a correction

Greek endgames

Europe's plotwriters are deciding what form catharsis will take

German bonds measure success of ECB QE

Big swings in 10-year Bund yields of late could have wide repercussions

Eurozone’s dip into deflation halted

Hopes rise that region is slowly accelerating towards economic recovery

Stronger euro rattles eurozone markets

Trades linked to QE have become crowded

ECB encouraged by business loans growth

Data suggest policy measures beginning to have an effect

Recovery hopes drive Europe bond sell-off

Yields rise on German Bunds and periphery debt alike

Greek worries cast shadow on bonds

Borrowing costs for countries such as Spain and Italy have risen

One in five EU part-time workers underemployed

Growth too slow for companies to add  jobs in large numbers

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

Greek contagion still on global risk list

Reduced liquidity and crowded trades mean danger remains

Greece’s gloomy future is Ireland’s past

The Celtic Tiger has become a model to be followed by other bailout countries, writes Peter Cunningham

Greek default necessary but Grexit is not

Defaulting on the IMF and ECB is the only route to short-term relief but nobody has ever done it

Draghi: Eurozone has tools to deal with Greece

IMF meeting overshadowed by renewed fears about the risk of a Greek 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

Bund yield nears zero on Grexit fears

Eurozone QE has also driven demand for German bonds

ECB holds rates ahead of upbeat assessment

Draghi expected to pronounce on unexpected strengthening

Europe faces more than a Greek tragedy

Debt crises distract from structural flaws 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