Greek government-debt crisis

Over the past few months we have seen the opposition taking the lead in public opinion polls, not due to any immense popularity or a convincing plan, but because Greeks want to punish the government.

Greece's finance minister expressed satisfaction on Sunday that the country's banking system «passed successfully» the ECB's stress tests, noting that Athens still has a buffer of 11.4 billion euros at its bank bailout fund.

Greece and the Eurogroup agreed on Friday a deal to extend the country?s loan agreement for another four months, pending on lenders approving reform proposals due to be submitted by the Greek side on Monday.

The government welcomed an agreement by eurozone finance ministers in Brussels late on Friday to extend Greece?s financial rescue by four months, saying it would give the newly-installed administration time to negotiate a new deal.

By Karl Stagno Navarra and Jonathan Stearns

Euro-area finance ministers reached an accord that would keep bailout funds flowing to Greece in return for a commitment to meet certain conditions, buying time to work out the detail of longer-term Greek financing.

Greece has made some headway in tackling rampant graft at home but urgently needs to crack down on bribes paid to foreign public officials aimed at winning contracts overseas, the OECD said in a report on Friday.