Greece PM News

His sacrifice, after promising Greeks he would win a better deal within a day of their overwhelming referendum vote, suggested leftist Prime Minister Alexis Tsipras is determined to try to reach a last-ditch compromise with European leaders.

German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened concern that Athens is nearing the brink.

Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels on Thursday, the eve of a crucial meeting of euro zone finance ministers to assess progress made by Athens in its reform pledges.

Greece`s radical left Prime Minister Alexis Tsipras announced Thursday the start of a "dialogue" with the powerful Orthodox Church on using clerical assets to boost the struggling state coffers.

European markets reflected uncertainty about Greece`s future in the euro zone under a possible Syriza government.

Greece can exit its EU/IMF bailout earlier than expected and can cover its own funding needs next year, Prime Minister Antonis Samaras said after meeting German Chancellor Angela Merkel.