Greek politicians have accused European leaders of trying to force the indebted nation out of the euro after triple-A rated governments threatened to postpone elections and install a technocratic government.
The past three years have been a tumultuous time for the financials sector, which has seen a phase of deleveraging, rights issues and balance sheet repair which continues to this day.
The embattled Greek economy shrunk by 7% in the last quarter of 2011, as fiscal and political crises ravaged the region.
Top managers spy high yield opportunities as European Central Bank's liquidity injections transform banks' refinancing operations.
Global markets have opened firmly in the black, with sentiment boosted after Greece's parliament voted to approve a new round of austerity measures.
Protests errupted on the streets of Athens as Greece's parliament passed a package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout to avoid default.
Eurozone finance ministers have rejected a reported €3.3bn package of Greek budget cuts, dashing hopes the country will secure more bailout cash and avoid default.
A Greek minister has resigned over the austerity measures agreed earlier today which were required for debt-laden country to receive a €130bn bailout and avoid default.