"Europe's success in dealing with Greece is Europe's success in dealing with itself," European Central Bank (ECB) Executive Board Member Benoît Cœuré said in Athens on Monday, while failure to support Greece will also be a failure to support itself.

Saturday’s three and a half hours teleconference between Greece creditors and 5 key Greek Ministers involved in negotiations -Finance Minister Euclid Tsakalotos, Economy and Development Minister Dimitris Papadimitriou, Labour Minister Efi Achtzoglou, Alternate Finance Minister Giorgos Chouliarakis, and Environment and Energy Minister Giorgos Stathakis- revealed the rift between the two sides on a number of major issues.

The eurozone's blue-chip share index dipped 1.7% today, following Greece'a anti-austerity stance.