News Japanese Prime Minister Shinzo Abe delivers his special address at the opening session of the World Economic Forum in Davos

Japan’s trade deficit has hit an all-time high as imports were swollen by higher energy prices and a weak yen.

Last year's currency turmoil led to hefty price rises in Switzerland and tourists avoiding the country

Switzerland fears euro fallout – because its currency is too strong

Influx of investors seeking safe haven may send franc to record high and hit nation's high rollers

Postcode lottery over holiday cash rates

There is a "postcode lottery" over foreign exchange, according to consumer group Which?.

Former Bundesbank board member claims Germany's European policy is motivated by Holocaust guilt

Thilo Sarrazin, the former Bundesbank member who caused outrage with his racist theories about Muslim immigration, has stoked fresh controversy with a new book claiming that Chancellor Angela Merkel’s European policy is motivated by German guilt for the Holocaust and World War II.

Leading article: The most important G8 summit for three decades

The central drama is in Europe, but a special responsibility falls on Mr Obama’s shoulders

David Cameron meets apprentice James Yeoman during a visit to a Siemens plant in Manchester yesterday

David Cameron to tell Angela Merkel she is the only person who can save euro

PM will urge German Chancellor to use her country's wealth to shore up single currency

Unemployed Argentinians protest at its economic collapse in 2001

Ben Chu: Argentina managed to survive a huge default – so could Greece do the same?

It's the inescapable question: would Greece now be better off outside the eurozone than inside? There are powerful and plausible arguments both ways. Those who answer in the negative point out that Athens is still, despite years of massive cuts, spending more than it takes in tax revenues.

Greek Presidential guards perform in front of the tomb of the Unknown soldier in central Athens

President fails again to form Greek coalition but calls for cuts continue

Greece's search for a government to prevent the country's disorderly exit from the euro went on into last night with little sign of an agreement. After a week in which party leaders have failed to form a coalition, it fell to the Greek President to make a final appeal to politicians to prevent a further period of uncertainty and fresh elections next month.

Five Questions About: Foreign currency

What's happening with the exchange rate?

Angela Merkel (right) and Danish Prime Minister Helle Thorning Schmidt sign the EU fiscal compact in Brussels yesterday

Dominic Lawson: Can Europe survive its cavaliers?

According to the historical satire 1066 And All That, the English Civil War was fought between "Right but Repulsive" Roundheads and "Wrong but Wromantic" Cavaliers. A modern satire on the European financial crisis could well use the same terminology, with Germany as the right but repulsive advocates of roundhead "austerity", and those calling for still more cavalier "borrowing for growth" as wrong but wromantic.

Euro heading for freefall in echo of housing crash

Currency could be next sub-prime mortgage crisis say traders after day of turmoil on markets

Exchanging your pounds now will give you more euros to spend

Grab holiday cash as sun shines on pound

You can benefit from the strong rate for sterling against the euro by buying your travel money now or getting a pre-paid card, reports Emma Lunn

GDP data 'shows cuts are not working'

There were fresh calls for the Government to scale back its austerity measures today after figures confirmed the UK had returned to recession.

Britons' holidays up to 14% cheaper thanks to soaring sterling rate

Soaring sterling rates are giving Britons as much as 14% more cash for their summer 2012 trips to Europe compared with last year.

The euro is at an 19-month low against the pound, and could fall further

Does sterling rise mean it's time to get currency?

The pound this week climbed to a 19-month high against the euro. By Thursday, you could get 1.22 euros for £1, a level not reached since August 2010.

Goldman bonus pool shrinks, but no layoffs

Staff at Goldman Sachs have been put on notice to expect more cuts to their bonuses this year, after the bank slashed payments to its bonus pool in the first three months of 2012.

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