While Tsipras' decision to hold a ballot increased the risk of Greece exiting the euro, evidence of contagion elsewhere was limited.

It's a tricky enough situation already, buried under financial jargon with regular breaking developments. And now it's even more confusing.

Capital controls are on the way, with all the disruptions to everyday economic activity that they entail - and Greek banks will stay closed for a week.

With its banks closed, automated cash withdrawals restricted and a big debt payment due tonight, Greece surely cannot continue to defy its creditors.

It is crunch time for Greece. Again. Yes, you've heard that before, probably many times since the country's debt crisis first blew up around 2009.

Greece was on the brink of economic meltdown as Germany looked poised to push the country out of the eurozone.

Of the many wonders to behold in Greece, Matt Derr has found a gem: local wine at $3 a glass.

More than one million foreigners living in Britain will be banned from voting in the EU referendum.

Greece will be unable to find the 1.6 billion ($2.4 billion) sum it is due to hand the International Monetary Fund (IMF) next month, one of the country's ministers has admitted.

Business leaders are preparing to fight to keep Britain in the European Union after David Cameron's election triumph set the stage for a referendum on membership of the bloc.

Like a spoilt child and an angry parent locked in an experiment of tough love, Greece and its creditors are embroiled once more in a tug-of-war.

Up to 30,000 people could drown in the Mediterranean this year unless urgent action is taken to curb trafficking and rescue stricken boats, experts warned yesterday.

An EU probe into Android mobile software poses a threat to Google's position in the $35 billion applications market.

Fonterra says its milk collection in New Zealand for the 10 months to March 31 reached 1431 million kg of milk solids - 1 per cent higher than for the same period last season.

The end of the European Union's quota system poses a challenge to New Zealand's dominance of global dairy trade and is likely to put an end to the sharp upward spikes in prices seen in the past, says....

An Emirates-commissioned study of the airline's contribution to Europe finds it has contributed 6.8 billion ($10 billion) of the EU's gross domestic product and spends 175 million on sponsorships....

Greek Prime Minister Alexis Tsipras won four more months to sell his policy program to creditors while keeping domestic voters on board.

Ukraine has appealed to the West to get tough on Russia after separatists it says are militarily backed by Moscow stormed a flashpoint town.

Italy has only grown 4 per cent - in total - since the euro was created 16 years ago.

A suspect has been detained following a security scare that led to the evacuation of European Parliament buildings in Brussels.

Alexis Tsipras was sworn in as the new Prime Minister of Greece, after his radical left-wing movement forged an unwieldy alliance with a far-right party.

Greece's new far-left Syriza party promised to dump tough austerity measures - but will that mean the country will have to leave the Eurozone to do it?

Global markets are braced for an extended bout of extreme volatility after left-wing party Syriza stormed to victory in the Greek elections.

Anti-austerity party on the brink of a landmark election victory in Greece as critics claim it could haul the country out of the Eurozone and leave it bankrupt.

A radical leftist party that wants to cancel Greece's European Union debts of more than 200 billion ($300 billion) went into today's election with a seven-point lead.

Financial markets will this week find whether the Swiss National Bank's fears were well-founded when the European Central Bank announces its plan to revive economic growth.