European sovereign debt crisis timeline

Additional bailout funding on the way to Greece

By Marius Zaharia

Greece could be on the verge of making one of the fastest market comebacks of a defaulted sovereign ever recorded.

The government is bracing for a crucial week, with eurozone finance ministers expected to discuss the release of further rescue loans to Greece at an informal summit in Athens starting on Tuesday.

BY Jan Strupczewski & Martin Santa

The eurozone is not making any preparations for a third bailout for Greece and will consider it only if expressly asked by Athens, which has not happened so far, a senior eurozone official said on Thursday.

Standard & Poor's affirmed Greece's sovereign credit rating on Friday and gave it a stable outlook, saying it believed the country's economy was gradually rebalancing.