In a report published, Monday, Bank of America Merrill Lynch explains that it now believes it is time for Europe to offer Greece better terms.

What began as a discussion on the travel expenses of Thessaloniki mayor Yannis Boutaris ended as an exchange of slurs and expletives between the mayor and municipal counselor Hristos Matis.

Despite optimism that students would start lessons at universities by Tuesday, the war between university authorities and the government again flared up, on Monday morning, resulting in the resignation of the Athens university board of rectors.

Continuing talks with troika officials augur a crucial week for the government.