Yanis Varoufakis

Greece's new Finance Minister Yanis Varoufakis, a left-wing academic economist, is on a tour around Europe in an attempt to rescue support for the new debt renegotiation measures proposed by SYRIZA.

The visits come as a surprise, since the Greek Finance Minister announced on Friday that he was not willing to talk over the debt situation with the Troika of international creditors.

Finance Minister Yanis Varoufakis efforts to rally support for Greece have met with market euphoria shown on the Athens Stock Exchange. Even though Germany has yet to officially agree to Varoufakis’ proposals concerning the linkage of Greek debt with growth, the markets have shown positivity with hefty gains.

By Ingrid Melander & Yann Le Guernigou

France's finance minister warned Athens against any attempt to play Paris off against Berlin over Greece's debt crisis, saying a Franco-German agreement was key to striking a deal that would help Greeks and ensure they met their commitments.

Greece's radical new leaders hope to win Rome's support at talks on Feb. 3 in their bid to renegotiate a massive 240-billion-euro ($270 billion) bailout following encouraging remarks from Prime Minister Matteo Renzi who said Europe must abandon austerity.
 

Greece's new leaders on Feb. 2 embarked on a diplomatic campaign to win backing for a renegotiation of a 240 billion euro ($270 billion) bailout, winning support from US President Barack Obama but a stark warning from Britain.
      

Greece's radical new Prime Minister Alexis Tsipras arrived in Greek Cyprus Feb. 2, making his first foreign visit to a close ally that has also been ravaged by the eurozone debt crisis.
      
Tsipras was met at the airport by Foreign Minister Ioannis Kasoulides before heading to the capital Nicosia for talks with President Nicos Anastasiades.
      

European Commission President Jean-Claude Juncker mulls suspending the mission of the so-called "Troika" of international lenders in Greece, media reports suggest.

The new Greek Finance Minister Yanis Varoufakis announced on Friday that his government was not willing to continue negotiations with the troika of international creditors.

Varoufakis made this statement during a news conference following a meeting with the President of the Eurogroup Jeroen Dijsselbloem in Athens, daily Kathimerini reports.

Greece named hardline leftwing economist Yanis Varoufakis as finance minister Jan. 27, handing him the pivotal task of renegotiating the debt-stricken nation's bailout with international creditors after it voted overwhelmingly to reject years of austerity politics.
      

Coalition talks have started between leftist SYRIZA leader Alexis Tsipras and the Independent Greeks right-wing party's Panos Kammenos.

Their meeting was scheduled for 10:30 EET, though Kammenos arrived a little earlier at the SYRIZA headquarters, the English-language website of Kathimerini reports.