New austerity measures to be voted on by Greek lawmakers on Wednesday are expected to deal a further financial blow the country's football teams as fans find it increasingly difficult to pay for tickets.
Eurozone leaders on Friday hailed Greece's achievements in carrying out reforms aimed at getting its economy back on track and urged Athens to keep up efforts to stay in the eurozone.
There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.
The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.
International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.
German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
Greece's prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel.
Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.
Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
Eight years after hosting the Olympic Games in the country where they were born, Greeks seem more interested in finding out if there will be light at the end of their dismal economic tunnel.
The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.