Greece may ask Europe to buy bonds to pay for redemptions - paper

ATHENS (Reuters) - Greece is considering asking the European Stability Mechanism (ESM) to buy Greek government bonds held by the European Central Bank (ECB) to pay for debt redemptions this summer, newspaper Kathimerini reported on Thursday.

Borrowing costs jump for fragile euro zone states

LONDON (Reuters) - Borrowing costs for some of the euro zone's most highly indebted southern states shot higher on Thursday, as fears of slowing economic growth wounded confidence that the European Central Bank could avert another debt crisis in the bloc.

European stock markets rocked by panic selling as debt crisis reignites

Europe's sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy.

Greek Premier Seeks Rescue Consensus Amid Political Quarrels

Feb. 8 (Bloomberg) -- Greek Prime Minister Lucas Papademos is set to negotiate with leaders of the political parties supporting his caretaker government after he missed another deadline to secure a second aid package.