greece

Negotiating 'dangerous' markets

Talks between eurozone finance ministers on the future of Greece's bailout have come to a dead end, heightening fears of further market turmoil in case Greece is left with no European support.

Germany has said it is willing to compromise with Greece on the terms of repaying its bailout debt.

Greece's new left-wing government is pushing for a revision of its EU bailout terms, drawing up a new 10-point plan to replace the existing deal.

Greece's bailout package has "failed" and the country will not seek an extension when the deal expires at the end of February, according to new prime minister Alex Tsipras.

Guinness founder and CIO Tim Guinness has said the problems in Greece will not spark a fresh banking crisis even if the beleaguered nation is forced to exit the euro.

What is in store for Greece?

The European Central Bank (ECB) has restricted Greece's access to cheap liquidity on concerns its new government is not committed to existing bailout pledges.

There is more chance of a recession in Switzerland than there is in Greece following the Swiss National Bank's decision to scrap its cap on the franc, according to economists.

Greek bank shares have tumbled as the country's new prime minister Alexis Tsipras told his first cabinet meeting he will "radically change the way that policies and administration are conducted".