Greece faces EU grilling

Some analysts are meanwhile questioning whether leaving Greece to default - another prospect aired in past weeks - would be all that beneficial. "Greece is just the starkest example of the problems facing economies that have lost competitiveness within the eurozone and now have weak public finances and poor growth prospects," Simon Tilford, chief economist at the Centre for European Reform, wrote in the Financial Times on Friday. "Greece's problems cannot be solved by it alone," he argued. "Nor would a Greek default be the cleansing experience that many people in the stronger member-states appear to imagine."