Yanis Varoufakis
Yanis Varoufakis meeting with Wolfgang Schäuble underway
Greece's growth-linked debt plan may face legal obstacle, says lawyer
By John Geddie
Greece's plans to make its debt more manageable by swapping rescue loans for growth-indexed bonds may be deemed illegal under European Union rules, according to a lawyer who worked on the country's 2012 debt restructuring.
ECB cancels soft treatment of Greek debt in warning to Athens
By John O'Donnell & Jan Strupczewski
The European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal.
Greece says eager for deal, but will not be 'blackmailed'
A defiant Greece said Feb. 5 it would not be ?blackmailed? by its European Union partners but that it did want to find a joint solution to its debt and austerity crisis.
Greek bonds may drop as ECB restricts funding amid bailout talks
By Lucy Meakin
Greece?s government bonds may decline after the European Central Bank restricted direct access to its funding lines, adding to pressure on the newly-elected government to moderate its anti-austerity policies.
Playing hardball: Greek FinMin's response to ECB Greek bond blast
The European Central Bank's decision on Wednesday to restrict the eligibility of Greek bonds used as collateral raised pressure on the 10-day-old government to yield to German-led austerity calls. The decision was announced at 9.36 p.m. on Wednesday.
ECB fires warning shot by refusing to accept Greek gov't bonds as collateral
The European Central Bank turned up the pressure on the government on Wednesday by lifting a waiver on Greek government bonds, which means that they can no longer be used by local lenders as collateral to borrow from Frankfurt.
Merkel sees 'no substantial difference' within EU on Greece
German Chancellor Angela Merkel said Wednesday she saw no substantial differences in the positions of major EU powers on Greece, which is campaigning to renegotiate the terms of its bailout programme.
?I don't think that the positions of the member states of the eurozone with regard to Greece differ, at least in terms of substance,? Merkel said.
inance Ministry says Varoufakis had 'friendly meeting' with IMF's Poul Thomsen
Greece's finance minister met a senior International Monetary Fund official in Paris over the weekend, the new Greek government said on Wednesday, its first meeting with one of the country's major creditors since taking power last month.
Greece seeks ECB bridging funds, vows to respect EU rules
By John O'Donnell & Jan Strupczewski
Greece's new leftist government appealed to the European Central Bank on Wednesday to keep its banks afloat and vowed to respect European Union rules as it seeks a negotiated solution with euro zone partners to reduce its debt burden.