"The door remains open for discussions," declared Monday French President Francois Hollande and German Chancellor Angela Merkel in Paris, after a meeting held following Greek voters rejected creditors' bailout terms in a referendum Sunday.
Greece needs more significant reforms aiming for job creation and economic growth, no matter what might be the outcome of the country's Sunday referendum on whether to accept more austerity in exchange for international aid.
Italy will not suffer any big impact from the Greek crisis, Italian Finance Minister Pier Carlo Padoan said on Wednesday.
Greece's international creditors do not want a Grexit, Greek Prime Minister Alexis Tsipras said on Monday night, as the country faced the first day with closed banks and capital controls, fueling concern over a looming default and exit from the euro zone.
Chinese Premier Li Keqiang said Monday that his country would like to see Greece stay in the euro zone and is willing to play a constructive role in efforts toward that end.
Euro zone leaders gathered in Brussels for an informal emergency summit late Monday, trying to reach an agreement on Greece's new proposal offered this morning.
All of Europe is looking on with eyes wide open as efforts to renegotiate Greek's massive debt to European creditors come to a head at the emergency summit. But the view from Italy is a little different.
Anti-austerity protesters returned to the streets of Athens on Sunday evening as Greek Prime Minister Alexis Tsipras was due to travel back to Brussels with an updated counter proposal for a debt deal to address the Greek debt crisis.
German Chancellor Angela Merkel reiterated on Thursday that her government wanted to keep Greece in the euro zone, but the indebted country must stick to its promised structural reforms in order to reach a deal with international creditors.
Acknowledging corruption as a key factor obstructing debt-laden Greece's efforts to restore growth, Athens has declared a war to root out graft seeking evidence against suspects within the country and abroad.
A vessel carrying approximately 200 illegal migrants sank off the coasts of Rhodes island in southeastern Aegean Sea on Monday, local authorities said.
A man, a woman and a toddler drowned on Monday and 90 other undocumented migrants and refugees were rescued as the vessel carrying them sank off the coast of Rhodes island in southeastern Aegean Sea, according to the latest official countdown by Greece's Coast Guard.
Greece is going to adopt the Bitcoin in the event the debt-laden country doesn't reach a deal with Eurogroup, Greek news portal Greek Reporter wrote on Wednesday, citing sources very close to Greek Finance Minister Yanis Varoufakis, in an April Fool's Day joke, the annual day for pranks.
Greek government officials continued on Tuesday the tug of war with the Eurogroup President Jeroen Dijsselbloem and the German administration in public statements to local media, as U.S. government suggested calm to Athens, according to government sources.
Greek Finance Minister Yanis Varoufakis dismissed media reports on Sunday over a possible referendum for euro in Greece in case the country's creditors would not accept the government's policy program.
European Central Bank's (ECB) refusal to resume normal financing to Greek banks does not cause additional problem to Greece's financial sector, Greek government sources told local media on Thursday, commenting on the outcome of an ECB meeting in Cyprus.
Eurozone finance ministers and Greece on Friday agreed on a final agreement over the bailout extension by four months, Eurogroup president Jeroen Dijsselbloem said during a press conference.
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