News

Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory

The campaign posters signal election time in Greece

World braces for worst case scenario as Greeks cast their votes

Europe offers banks a blank cheque should election trigger withdrawal from the euro

Sceptics turn against Spain bailout hopes as the rally falters

Bond markets fall back after initial euphoria and European Central Bank gets tough on clearing up huge property debt

Mario Draghi, head of the ECB, said the bank should not be making up for politicians' shortcomings

Eurozone crisis deepens as Spain haggles over terms of bailout

The eurozone sovereign debt emergency showed no signs of abating yesterday as the Spanish government haggled over the terms of its expected bailout and the European Central Bank refused to ease monetary policy for the currency bloc, despite signs of stricken European economies sinking deeper into recession.

Markets rally on Spanish hopes

Hopes that Spain will be given a cash injection to stabilise its wobbling banking sector helped world markets rally today.

Silvio Berlusconi claimed his Facebook comments were in jest

Leave the euro, Silvio Berlusconi tells Italy – then says he was only joking

Alarmed countrymen hear former premier urging ECB to begin printing money to beat debt crisis

Moves for extra £50bn from Bank

Turmoil in Spain and Greece fuels calls for another round of quantitative easing for UK economy

ECB President Mario Draghi hit out at the Spanish government

Spain told to get a grip of bank crisis as bailout looms large

ECB chief launches broadside at indecisive government as panic takes hold in Madrid and Rome

James Moore: Search for a safe haven and the herd mentality

Such is the herd mentality among investors that it needs only the merest hint of trouble and they are falling over each other in a rush to so-called "safe havens". It really is like so many sheep clustered together at the corner of a field. Russia? Sub-Saharan Africa? Pfah. You can keep your gaudy yields and your fancy returns on capital. Even some more developed "emerging" markets – parts of Asia for example – can expect short shrift. It's German Bunds and US Treasuries for us. Right on cue the former hit a record low yield yesterday morning. Baaaaa!

Ben Chu: Europe has to become a 'country' – a new beast – if the euro is to survive

US dollars, sterling and Japanese yen don't have the structural flaws that are undermining the single currency
David Cameron walks past Jose Manuel Barroso, Helle Thorning-Schmidt, Jean-Claude Juncker and Angela Merkel during at last night's summit in Brussels

Cameron shifts his focus from austerity to growth

By Andrew Grice

Satyajit Das: There is a misplaced reliance on the European Central Bank

Voters in Greece and France have voted against austerity. Voters elsewhere in Europe will probably follow suit in time. Despite summits and communiqués, politicians and policy makers cannot miraculously create growth overnight. The only likely action in the short run will probably come from the European Central Bank (“ECB”).

The newly elected French President, François Hollande, greets the Eurogroup chairman and Luxembourg’s Prime Minister Jean-Claude Juncker

Hollande’s first act: convincing Merkel to change course

François Hollande’s first act as French president next week will be to fly to Berlin to try to convince Chancellor Angela Merkel to abandon her all-stick-and-no-carrot approach to the European economic crisis.

Daniel Howden: Greek elections were the last tantrum of a spoilt child

“Breathe Hellenes, breathe,” the morning show host implored. Greece was waking up to the election results and Real FM was telling its listeners what had happened.

Ben Chu: What went wrong in the eurozone and why didn't bailouts fix it?

Greece had to be bailed out by the European Union and the International Monetary Fund two years ago because it had lost the confidence of the private financial markets.

ECB policymakers face protesters

Mario Draghi, president of the European Central Bank (ECB), risked the wrath of protesters in Spain yesterday with his backing for the austerity programme which has plunged the nation into a double-dip recession.

Latest stories from i100
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...