Greece `blinks first` on bailout crisis but Germany stands firm

 Greece played for time Wednesday after a planned offer to resolve the bailout crisis by asking for a six-month loan extension got a firm preemptive "nein" from EU paymaster Germany.

Eurogroup to hold extra meeting on Greece Wednesday: Dijsselbloem

Finance ministers from the 19 countries that use the euro will hold an extraordinary meeting in Brussels on Wednesday to discuss the stand-off over Greece`s debt, the group`s chief Jeroen Dijsselbloem said.

Greek government set for first talks with eurozone partners

Greece`s new anti-austerity government is set to hold its first talks Friday with its eurozone partners about its ambitions to secure a reduction in the massive debts linked to its 240-billion-euro ($269 billion) international bailout.

EU, Germany warn Greece over debt reduction ambitions

The European Union and Germany warned Greece`s radical new left-wing government Thursday that there is little support for a reduction in its massive debts, on the eve of its first talks with its eurozone partners.

Eurozone ministers show `strong support` for Greece credit line

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.

Greece must see `viable` bailout exit: Dijsselbloem

Eurogroup President Jeroen Dijsselbloem on Monday said Greece must achieve a "viable and credible" bailout exit after four years of EU-IMF rescue programmes and a deep economic crisis.