Debt

President Grabar Kitarovic sent the law on seizure of assets to the constitutional court on Tuesday, claiming some of its provisions were unconstitutional as they do not help debtors stay in their homes.

The law was passed in 2012 and last amended in 2014 on the initiative of current government, led by the centre-left Social Democratic Party, SDP.

Greece will be able to borrow from the financial markets once it achieves a debt restructuring, investment and sustained primary budget surpluses, Finance Minister Yanis Varoufakis said on Wednesday.

"For one to be able to return to the markets for borrowing you need to meet three criteria: primary surpluses, restructuring of debt and investments," he told Real FM radio.

Bulgarian businesses have continued accumulating in unpaid debts over 2013, thus reaching BGN 171 B at the end of the year.

The data has been published in a report by the Bulgarian Industrial Association (BIA).

Government Spokesman Gavriil Sakellaridis told private SKAI TV on Monday that the Greek government has acted responsibly in representing the Greek people and in its dealings with Greece's EU partners.

Eshe Nelson & David Goodman

Greece?s government bonds may open higher this week after euro-area finance ministers agreed to extend the nation?s bailout funds for four months, avoiding a cash crunch that threatened to push it out of the currency bloc.

By Prokopis Hatzinikolaou

In old-fashioned colonialism the imperial power would take physical control of its colony, declaring ownership. In modern times, physical control is no longer required. Rather than guns and physical control, ownership is established through financial control.

 New scheme will not only slash fines and penalties but also the original arrears to state

By Prokopis Hatzinikolaou & Roula Salourou

German Finance Minister Wolfgang Schauble told ZDF that he would reject an extension of Greece's loan agreement, thus rejecting the Greek side's proposal even before it is submitted as a possible compromise solution.

The Wall Street Journal this week explored the areas of agreement and disagreement between the Greek government and the country's eurozone creditors, making specific reference to the extremely tight deadlines for working out a deal.