The Elephant's Journey, By José Saramago (trs Margaret Jull Costa)

A gift that has kept on giving

Daniel Howden: Too little too late: the family dynasties who have failed Greece's youth

Greece's political elite is a pond that refuses to be flushed. Two clans have dominated the scene since the fall of the dictatorship: the Papandreou and Karamanlis families and their socialist and conservative tribes who have played out largely fake wars while pursuing similar policies.

Portuguese voters braced for austerity measures as Socialists admit defeat

Portugal's centre-right Social Democrats (PSD) won yesterday's general election, booting out Prime Minister Jose Socrates' Socialists after they sought a €78bn (£70bn) bailout that will bring deep austerity.

Portugal votes for new government under bailout shadow

The Portuguese went to the polls on Sunday to elect a government which will lead the nation through a period of deep austerity and recession after it received a €78-billion bailout from the European Union and IMF.

Officials revise debt figure again

Portugal has for a second time revised upward the debt-stressed country's budget deficit last year, releasing official figures that said it was 9.1 per cent of gross domestic product instead of the previously announced 8.6 per cent.

Eu bail-out crisis talks called

European finance ministers are gathering for an emergency meeting on the Portuguese debt crisis, amid fears that British taxpayers may have to find more than £4 billion as part of a rescue package.

Rating cut triggers fresh spike in Portugal's borrowing costs

Another cut in Portugal's credit rating has sent the yields on the country's bonds to their highest level since the euro's launch last night.

Portugal and Ireland fail to restore confidence

Portugal and Ireland were yesterday apparently locked in an unedifying and reluctant race towards bankruptcy, with renewed market pressures on both troubled economies building. The only good news to be extracted for the eurozone is that markets seem willing to allow Spain the benefit of the doubt; the usual Iberian contagion effect appears to have been contained, at least for now.

It's... Monty Python's flying opera house

Writing a libretto for a telephone, a remote control and two parking meters was a hoot – until I realised that I actually had to direct the opera, writes ex-Python Terry Jones

How hostels got hip

Lowcost used to mean low comfort. But now even the cheapest rooms can be seriously chic – and you don’t have to be a backpacker to see the attraction. Lucy Gillmore checks in

Captain Vitor Alves: Soldier who played a crucial role in Portugal's 'Carnation Revolution'

Captain Vítor Alves was one of the key figures of the April 1974 Carnation Revolution in Portugal, which brought an end to the longest-standing authoritarian regime of 20th-century Western Europe, and which – after several turbulent years – saw a fully fledged democracy emerge.

Casino jackpot that has a family at odds

The 'King of Macau' is ceding control of his vast gambling empire – so who will replace him? Clifford Coonan on a dynastic battle

Relief as Lisbon's bonds attract strong demand

Europe avoided an escalation in its sovereign debt woes last night after the year's first bond sale by one of the Continent's most indebted economies was judged a success.

Leading article: Europe's leaders have got their prescriptions wrong

The fact is that investors are now behaving out of fear rather than greed
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travel Dreamland Margate, Britain’s oldest amusement park, is set to reopen
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Founders James Brown and Tim Southwell with a mock-up of the first ever ‘Loaded’ magazine in 1994
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Threlfall says: 'I am a guardian of the reality keys. I think I drive directors nuts'
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The Westgate, a gay pub in the centre of Gloucester which played host to drag queens, has closed
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Prince Charles' 'black spider' letters to be published 'within weeks'

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Dark matter study gives scientists insight into mystery of space
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Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

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Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

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Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
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The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
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Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss