Yanis Varoufakis

European Commission President Jean-Claude Juncker mulls suspending the mission of the so-called "Troika" of international lenders in Greece, media reports suggest.

The new Greek Finance Minister Yanis Varoufakis announced on Friday that his government was not willing to continue negotiations with the troika of international creditors.

Varoufakis made this statement during a news conference following a meeting with the President of the Eurogroup Jeroen Dijsselbloem in Athens, daily Kathimerini reports.

Greece named hardline leftwing economist Yanis Varoufakis as finance minister Jan. 27, handing him the pivotal task of renegotiating the debt-stricken nation's bailout with international creditors after it voted overwhelmingly to reject years of austerity politics.
      

Coalition talks have started between leftist SYRIZA leader Alexis Tsipras and the Independent Greeks right-wing party's Panos Kammenos.

Their meeting was scheduled for 10:30 EET, though Kammenos arrived a little earlier at the SYRIZA headquarters, the English-language website of Kathimerini reports.

Leader of Greece's leftist SYRIZA party Alexis Tsipras has spoken to a cheering multitude in Athens following results of exit polls which give him a clear victory over ruling New Democracy.

German taxpayers should not be afraid of a Greek government led by the left-wing SYRIZA party, its leader Alexis Tsipras wrote in an article published on Tuesday in a German business daily.

Greece's leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a Jan. 25 election, the finance ministry said on Monday.

SYRIZA is due to announce its candidates for the upcoming elections Friday. They will include some independent MPs who did not vote in favor of the government?s presidential candidate last month, while other lawmakers who contributed to snap elections being called have been left out.

By Katie Linsell

LNG Capital LLP, a London-based hedge fund that focuses on credit markets in western Europe, says concerns Greece could exit the euro are overdone and it?s closed some trades betting the nation?s debt will fall.

 As confirmation of polls freezes program, creditors consider stretching it beyond end of February