Greek manufacturing activity inched closer to recovery in November, shrinking at its slowest pace since late 2009, while output rose for the first time in as many years, a survey showed on Monday.

Greek tourism minister Olga Kefaloyannis, once again graced front pages as media were quick to capitalize on the opportunity of a sneak view of the beautiful minister's decolletage.

A return of troika representatives to Athens before the 9th December Eurogroup is not foreseen was the statement made by Simon O'Connor, spokesperson for Olli Rehn, European Commissioner responsible for Economic and Monetary Affairs.

Greece's weather service warned that conditions would deteriorate from Tuesday, with temperatures dropping significantly in most parts of the country, following a series of serious flash floods over the last two weeks.