Finnish finance chief Alex Stubb said Greece has just 72 hours to agree to the demands of its creditors.
Small businesses say the proposed boosts in value-added taxes will put them in a bigger bind than the one they're in now and encourage even more tax evasion.
Eurozone finance ministers are expected to deliver a stark message to Greece this weekend: It's time to put up or shut up.
As finance ministers scramble to secure an agreement to keep Greece in the eurozone, the rhetoric by some figures in the drama is becoming increasingly bellicose.
As eurozone finance ministers continue working toward a new bailout proposal, Finland could prove to be the biggest stumbling block for talks.
The general feeling in European bailout talks is reportedly that Greece proposed "too little, too late."
In Athens, as Greeks anxiously await word from the country's creditors on a potential third bailout agreement, it almost feels like the city is having a holiday. Almost.
Athens signed on to a tough new austerity package, but many Greeks aren't so sure.
Here are the next steps before creditors can approve yet another bailout for Greece.
“It’s delaying the inevitable -- things have deteriorated too far.”
German millennials are part of the first generation to grow up in the single currency eurozone — and they are reacting with solidarity and anger towards Greece's debt problem.
Talk about a head-scratcher: Former Finance Minister Yanis Varoufakis once reportedly characterized Greece's creditors as "terrorists."
“China’s economy would create collateral damage that is much greater than a Grexit would be to the euro.”
Prime Minister Alexis Tsipras is likely to face opposition from many within his own party who have voiced opposition to further austerity cuts.
The fate of Greece and the eurozone could be determined Sunday, when European Union leaders decide if new Greek reform proposals go far enough.
Twitter users noticed that the Acropolis lights were shut off Thursday night amid the ongoing debt crisis.
After Sunday's "no" vote, Greece is back to the negotiating table, but history may provide useful lessons for the future of the eurozone.
Almost two weeks after Athens missed its loan payment to the International Monetary Fund, the leash on Greece’s capital controls was getting shorter.
Poorer and younger Greeks voted "no" in last weekend's referendum, while wealthier Greeks voted "yes."
As Greece returns to the negotiating table with eurozone finance chiefs, the prospect of more austerity brings back painful memories.
“Sophocles taught us that the greatest of all human laws is justice … and I think that is something we have to remember,” Tsipras told the European Parliament.
The bank holiday extension comes as Greece laid out its new, three-year bailout plan on Wednesday.