The Greek economy suffered an unexpected contraction at the end of last year, shrinking 0.4% in the last quarter. It means that if the EU and the IMF can't agree on a new debt plan next week, there's a danger that Greece won't be able to pay its next debt repayment in July.
So what does it mean for the troubled Mediterranean country? Ed Bowsher was joined by European affairs analyst Yannis Koutsomitis for more.