Britain is to buy up to £20 million of Malawian currency to help stabilise the African state's economy following a major devaluation, it has been revealed.

Britain must prioritise "growth-enhancing" public expenditure in order to support the weak economy, the European Commission said yesterday.

It was called her "Let them eat cake" moment. Now Greece will be saying: "Make her pay tax".

The struggling economies of Southern Europe could face another blow in the coming months as the price of a key export – olive oil – is set to hit a 10-year low.

The bloc's big noises are trying to persuade German Chancellor Angela Merkel to support the latest patch-up measure. But she is determined to resist

Fiscal policy, eh? Phwoar! Triple-A ratings: they get the blood pumping, don't they? And don't even get us started on eurozone rescue-fund implementation...

The Home Office is planning for a possible large increase in immigration from Greece and other European Union nations in response to the crisis in the euro, Theresa May has revealed.

Labour today seized on figures showing a sharper decline in the economy in the first three months of the year to claim the coalition was a “no-growth Government with its head in the sand”.

George Osborne must adopt an economic "Plan B" and slow the pace of public spending cuts if the British economy remains weak, the International Monetary Fund (IMF) warned the Chancellor yesterday.

A lot has been made of Vince Cable's negative attitude to business, but the Chancellor is seen in the same light

Austerity is now pitted against recovery as if politicians have merely to choose

IMF head Christine Lagarde has said she hopes that elections in debt-stricken Greece produce a government committed to sticking to the terms of the country's rescue package.

A year after being accused of sexually assaulting a New York hotel maid – a claim which cost him his post at the International Monetary Fund (IMF) and a shot at the French Presidency – Dominique Strauss-Kahn faces fresh ignominy after a French prosecutor opened a probe into allegations of rape.