Finland

The Eurogroup rejected on Tuesday the request of the Greek government to extend the bailout programme of the country.

This became clear after the end of the extraordinary teleconference of the eurozone finance ministers.

The conference call was necessitated after the Greek government submitted its latest list of proposals earlier on Tuesday.

Westinghouse Electric Company and eight European consortium partners today announced that they have received EUR 2 million in funding from the European Union (EU) to establish the security of supply of nuclear fuel for Russian-designed reactors in the EU.

After talks in Brussels broke down in acrimony, there were recommendations and warnings made by countries to their nationals traveling to Greece.

United States:

A clear seasonal pattern of tourism activity of residents of the European Union by Eurostat shows that June-Septeber accounts for more than half (51.9%) of the total number of tourism nights spent by EU residents during the whole year. A little more than 60% of these nights were spent in their own country (domestic) while almost 40% were abroad.

Five months of back-and-forth talks, negotiations and deliberations between the SYRIZA government in Athens and institutional creditors appear to come down to this weekend, with deadlines near the end.

Talks between Greece and its eurozone partners broke up Thursday without agreement, intensifying doubts about whether Athens can make a crucial debt payment due in just a few days. The negotiations will resume Saturday.

By Birgit Jennen, Corina Ruhe & Eleni Chrepa

Euro-area finance ministers expressed bemusement on the status of talks with Greece after they were presented at the last minute with competing proposals aimed at resolving the standoff over aid.

Bloomberg reports that the future looks glum with the Radical Left Coalition (SYRIZA) government of Greece holding firm to its pre-election pledges to end austerity during a flurry of meetings in Brussels on Wednesday. Technical experts are now preparing the ground for fresh talks.

By Ian Wishart, Jonathan Stearns & Corina Ruhe

European officials resumed talks on Greece's bailout on Thursday after a day of negotiations broke up in the early hours without ending the standoff that has brought the country on the cusp of a default.

Eurozone leaders were locked in talks in Brussels late on Monday after Eurogroup officials suggested that an agreement could be reached this week on the basis of new economic proposals tabled by the Greek government.