Greek government

Amid a barrage of biased articles from the international press- especially the German - on the Greek government's efforts to secure a better deal with its creditors and end the austerity policies that have brought the country to its knees, some newspapers and magazines follow a different, more objective approach.

Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the German media on Tuesday.

Representatives of the Greek government and the country?s international creditors are to start ?technical level? talks in Brussels Wednesday, it was decided Monday following a summit of eurozone finance ministers where the government submitted a set of seven proposals for economic reforms.

Greece agreed to start urgent technical talks on extending its crucial bailout on Wednesday after its eurozone partners accused debt-stricken Athens of wasting time in previous negotiations.

An express meeting of the Eurogroup on the Greek issue was concluded at 16:00 GMT after just 90 minutes into the meeting.
 

According to Reuters, which quotes a European Union official, there will be no official announcement on Greece, while ministers seem to have requested “progress” on the issues on the part of the Greek government.

The leftist Greek government will reportedly table another three proposals, dubbed reforms, to the "institutions" at Monday's Eurogroup, including a "lottery" for collected receipts.

Another proposal is for the closing of businesses' and self-employed individuals' tax files without the levying of fines, a prospect aimed at discovered previous undisclosed income.

By Eshe Nelson

Greece?s government bonds fell, excluded from gains made by its euro-area peers, amid investor concern a provisional agreement to extend aid to the country may not hold.

A leading lawmaker from Chancellor Angela Merkel's conservative bloc has described a Greek exit from the eurozone as a «great opportunity» for the country to bolster its economy, in the latest sign that German sentiment towards a so-called "Grexit" is shifting.

A list of reforms proposed by Greece last week to help it win creditor support is "far from complete," the head of the Eurogroup said.

Speaking at an event in Amsterdam on Sunday, Jeroen Dijsselbloem, who is also Dutch finance minister, said the Greek proposal was "serious" but not enough.

Greek Finance Minister Yanis Varoufakis hinted at the possible holding of referendum or early election in case the Eurozone rejects the country's debt renegotiation plans.

Varoufakis said this in an interview for Italian daily Corriere della Sera on Sunday, daily Kathimerini reports.