Greek withdrawal from the eurozone

Fitch rating agency released a statement of Friday according to which Greece's exit from the eurozone is still possible. However, this development is unlikely to cause a systemic crisis like the one in 2012, Fitch notes.

Finance Minister Yanis Varoufakis says he will present proposals for six reforms at Monday?s Eurogroup.

?I will go with a file of six reform proposals so we can discuss which ones can be implemented immediately,? he told Star TV on Monday night.

By John Geddie

Investor expectations of the euro zone breaking apart have risen to their highest level in two years, a survey showed on Tuesday, even after Greece agreed a financial lifeline with its euro zone partners.

Germany has amped pressure on Greece with outright threats of default unless the country sticks to its painful austerity measures. German sources rejected Eurogroup Chief Jeroen Dijsselbloem's proposal for a 7.2-bln-euro tranche from the rescue package worth 172 bln euros, threatening Greece with insolvency unless it implements reforms.

By Rebecca Christie

Euro-area authorities will use the next four months to figure out how to help Greece after June, when its current bailout extension expires, European Union Economic Commissioner Pierre Moscovici said.

German Finance Minister Wolfgang Schaeuble said Mar. 1 Greece's new hard-left government needs "a bit of time" but is committed to implementing necessary reforms to resolve its debt crisis.
      
"The new Greek government has strong public support," Schaeuble said in an interview with German newspaper Bild am Sonntag.        

In his interview to German Sunday Bild newspaper edition, German Minister of Finance Wolfgang Schauble appeared optimistic on Greece fulfilling its commitments,.

However, at the same time he stresses that “If Greece does not fulfill its commitments, there will be no further help”.

Clashes between police and demonstration followed on Thursday evening the first anti-government protest against the Greek government of Prime Minister Alexis Tsipras.

As many as 450 people took to the streets, and 50 of then took part in the unrest that followed suit. Police were pelted with stones and petrol bombs, and vehicles were set ablaze.

By Mark Gilbert

The new Greek government is serious about its reform commitments but it will take time to agree on the details of its reform plans, Eurogroup head Jeroen Dijsselbloem said on Tuesday.