Greece warns citizens over bailout

A SENSE of panic was beginning to grip Brussels as Greece warned its protesting citizens it was just one step away from being unable to borrow and eurozone members differed on the solution.

The differing and changing messages from EU capitals pushed the euro to a one-week low and the price to Greece of borrowing continued to rise.

Germany, facing important regional elections in May, is pushing for Greece to turn to the IMF for aid rather than face the wrath of the German public by having the eurozone bail out the country.