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Greece seems to be increasingly heading towards the holding of early elections after the government of Prime Minister Alexis Tsipras has lost vital support from his party in parliament. Elections will be held within a month, with government officials saying September 20 would be...

In the Netherlands, a majority of lawmakers also backed the new Greek rescue after a heated debate in which Prime Minister Mark Rutte was attacked for reneging on an election pledge to not approve another bailout for Greece.

Greek Prime Minister Alex Tsipras leaves his office in Athens.

Greece’s Prime Minister Alexis Tsipras has announced he is resigning and has called an early election. Tsipras is listening to advice from government colleagues who are recommending that the polls should be held within September as well as those advocating that the snap...

The German parliament has approved a third bailout deal for Greece by a large margin.

The European Stability Mechanism will release the first tranche of funds to enable Athens to meet a €3.2bn bond repayment due to the European Central Bank on Thursday.

Global economic norms proved no match for China’s subsidies for politically-connected enterprises, questionable respect for intellectual property rights, state-sponsored computer hacking, opaque crackdowns on foreign companies and poorlabor and environmental standards.

The €85 billion package – which introduces sweeping austerity measures – was ultimately approved with support from opposition parties after an all-night parliamentary session.

The eurozone’s hopes for a strong economic recovery this year have soured over the past couple months, partly because of the crisis over Greece’s future in the currency zone and fading growth in China.

The bill on the rescue deal passed just in time for Greek Finance Minister Euclid Tsakalotos to head to Brussels to meet his counterparts from the 19-country currency union in the hope of getting their seal of approval as well.

Inflation continued to undershoot the ECB’s medium-term target of just below 2 per cent despite a series of unprecedented measures by the central bank, including a massive quantitative easing program that allows the ECB to purchase government bonds and private debt...

The German economy gained modest ground in the second quarter, expanding by 0.4 per cent compared with 0.3 per cent in the first three months of the year, but the French economy ground to halt. Output had been expected to rise by 0.2% following growth of 0.7% (revised up from...

Analysts surveyed by dpa-AFX had expected second-quarter growth would come in unchanged at 0.4 per cent.

Berlin is the main creditor of Greece and its approval is needed in order for the new bailout package to be given to Athens so that it can repay Euro 3.4 billion (USD 3.7 billion) to the European Central Bank by an August 20 deadline. The Greek parliament will vote on over 50...

Prime Minister Alexis Tsipras has said he expects the bill to pass.