Talking about his recent tour to six western Balkan countries (Albania, Bosnia-Herzegovina, Kosovo, Montenegro, FYROM and Serbia) and their prospects of joining the EU, European Commission President Jean Claude Juncker dubbed the name FYROM as the bureaucratic name used in talks.

Greek PM Alexis Tsipras is expected to meet with German Chancellor Angela Merkel, Bulgarian PM Boyko Borisov and European Commission President Jean Claude Juncker on the sidelines of the EU Summit Meeting underway in Brussels on Friday.

Global markets believe that there will be minimal bailout perils concerning Greece and its upcoming snap elections on Sunday.