Greece`s economy minister Georges Stathakis denied Saturday that the debt-laden state might run out of cash next month because of lower than expected tax receipts, saying a newspaper report to that effect was mistaken.
Greek left-wing leader Alexis Tsipras was sworn in on Monday as the prime minister of a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures.
Greek Prime Minister Antonis Samaras on Sunday said the nation "had spoken" in handing victory to the anti-austerity Syriza party, and said he hoped the new government would not endanger the country`s EU and euro membership.
Anti-austerity party Syriza won a historic victory in Greece`s election Sunday, partial results showed, setting up a confrontation with the EU over its plans to renegotiate the country`s massive bailout.
Italy`s veteran President Giorgio Napolitano resigned on Wednesday, setting the stage for the election of a new head of state, a thorny process which could prove a political headache for Matteo Renzi`s government.
Germany`s Angela Merkel played down the chances of a Greek exit from the euro zone on Wednesday, but made clear she expected Athens to stick to the terms of its international bailouts after this month`s election.
Greece`s prime minister warned Tuesday the financially-stricken nation may be forced out of the eurozone if January`s parliamentary election hands hard-left party Syriza power to reverse years of austerity measures.
Eurozone ministers moved towards throwing twice bailed out Greece a new credit line on Thursday, that would come with conditions over its handling of budget and continued oversight by the International Monetary Fund.