greece

Left-wing anti-austerity party Syriza has secured a commanding election victory in Greece, setting the scene for a stand-off between the country and its creditors.

Hedge fund manager John Paulson is backing a turnaround in the Greek economy by taking positions in some of the country's largest banks.

In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.

Advisers remain cautious about the prospects for the UK in 2013 and over the ability of Prime Minister David Cameron and Chancellor George Osborne to lead the country's recovery, research suggests.

SOAPBOX

Eurozone finance ministers have negotiated a rescue package for the rapidly deteriorating Greek economy following ten hours of intense talks in Brussels.

Eurozone finance ministers have failed to reach a deal to give Greece the next tranche of its bailout, after 12 hours of talks.

As Greece finds itself making headlines once more, eurosceptic John Redwood has warned a euro break-up is still on the cards.

A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.

London's leading share index has opened flat in early trading, with investors cautious as Greek default fears resurface.