Greece will not be able to pay the International Monetary Fund on June 5 unless foreign lenders disburse more aid to the debt-ridden country.
The newly ruling Greek party has had to back down for now but it is preparing for a fight with serious consequences.
By lending Greece money, eurozone members bear some responsibility for the plight of the beleaguered country.
EU paymaster Germany criticised the Greek proposal as "not a substantial solution" as it failed to fulfil bailout conditions.
Economic decisions by Athens's leader may push Greeks to vote for the neo-fascist Golden Dawn.
A diplomatic offensive by new Greek prime minister Alexis Tsipras to ease bailout aid requirements has been failing to win converts.
The new leaders want to ease the 'humanitarian crisis' â€“ but Greece's creditors are not impressed.
The countryâ€™s leaders continue to bicker over overalls - but what does it matter when the planet is dying?
The election result marked a comprehensive rejection of the years of austerity demanded by the EU and IMF in return for the â‚¬240-billion bailout.
The tainted old order under Prime Minister Antonis Samaras is up against unencumbered young firebrand Alexis Tsipras.
Failure to elect a new president will pit the ruling Samaras coalition against the popular radical left Syriza party.
Greece has been selling off its historic properties, including near the Acropolis, to settle its massive economic debt.
Resentment is growing over German chancellor Angela Merkel's leadership and fiscal austerity measures.
Members had been trained in Nazi-style hit squads to "attack immigrants for fun".
Golden Dawn is under investigation for the murder of rapper Pavlos Fissas, who bled to death after being stabbed by a party sympathiser last week.
After years of harsh Ârecession, 17-million tourists â€” an all-time record â€” are set to visit the mainland and its sun-kissed islands.
Unions in Greece have gone on a strike in protest over the government's decision to shut down its public broadcaster as part of cost-cutting measures.
An extremist political group, Golden Dawn, plans to establish cells 'wherever there are Greeks'.
Germany is not just Europe's biggest economy and the message from the eurozone's paymaster is simple: if we can do it, so can you.