Gabriel Sakellaridis

The government confirmed on Monday that it would not submit to Parliament the four-month extension of the country?s loan agreement.

By Karolina Tagaris & Renee Maltezou

Greece will send its economic reform plans to eurozone finance ministers on Tuesday morning, a government official said, missing a Monday deadline for submitting the list which is a condition for extending the country's bailout programme.

Greece's radical left government was at pains Feb. 21 to put a positive face on an EU compromise deal that is sharply at odds with its anti-austerity ambitions.
 
At a last-ditch meeting on Feb. 20, Europe gave Athens some breathing room to present alternative reforms in a bid to save its crucial financial lifeline.
 

A meeting of eurozone financial ministers is scheduled for Friday, in order for a solution to be reached for the crisis in Greece.

Informal division has been observed, as Germany largely relies on the support of Finland and Netherlands, and perhaps Portugal and Spain that have already taken the bailout road, but never had the chance to renegotiate.

Greek shares are flat in morning trading, as investors await the details of a last-minute compromise proposal from Athens to break a deadlock with European creditors over Greeces frozen bailout program.

By George Georgiopoulos & John O'Donnell

Greece will submit a request to the eurozone on Wednesday to extend a "loan agreement" for up to six months but EU paymaster Germany says no such deal is on offer and Athens must stick to the terms of its existing international bailout.

BY Jan Strupczewski and George Georgiopoulos

Euro zone finance ministers will try again on Friday to break a deadlock over Greece's urgent need for further financing but it may take an emergency summit of the currency bloc in the coming week to clinch any deal.

By Yann Le Guernigou and Costas Pitas

Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of a crucial meeting of euro zone finance ministers on Monday on the future of an unpopular international bailout for Athens, but France called for compromise.

The name of EU Migration, Home Affairs and Citizenship Commissioner Dimitris Avramopoulos was brandied as the Radical Left Coalition (SYRIZA) government's proposal for presidential candidate however the announcement that was to have taken place on Sunday was postponed.

Prime Minister Alexis Tsipras will not announce his party's candidate for president until Tuesday, it was revealed late on Sunday.