Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined the plan in the wake of a dramatic week in which the government’s first moves rattled its eurozone partners and rekindled fears about the country’s chances of staying in the currency union.

Croatia’s poorest citizens may start applying today to have their debt erased under a one-time measure passed by the government last month. About 60,000 people with low incomes whose bank accounts have been frozen for at least a year and whose debt doesn’t exceed 35,000 kuna (€4,500) can participate, according to the government’s website, the Irish Times reported. Applications are now open only to those who live on welfare, while debtors whose income is no greater than 2,500 kuna a month for a single person household or 1,250 kuna per family member may start applying on April 2.

Solar-Fabrik, one of the last remaining PV module manufacturers still in German ownership has filed for insolvency, but under self administration, at the local court of Freiburg, PV-Tech reported. The company said that the insolvency proceedings were due to liquidity issues it had projected could occur in the course of the second quarter of 2015, without providing further details. Solar-Fabrik noted that it was not suffering from any form of over-indebtedness and was not insolvent.

An upstart leftist party gathered tens of thousands of followers Saturday for one of Spain’s largest antiausterity rallies in years, throwing down a populist challenge to a government already facing a secessionist movement in wealthy Catalonia, The Wall Street Journal reported. The marchers wound through central Madrid to the Puerta del Sol plaza in support of Podemos, a year-old party that aims to replicate the recent electoral victory of kindred leftists in Greece. They filled the plaza, which can hold an estimated 45,000 people, and spilled into adjacent streets.

The Department of Finance has informed the Oireachtas Public Accounts Committee that Irish banks will not now pay into a domestic special resolution fund set up in 2011 to provide bailouts to credit institutions that run into financial difficulties, the Irish Times reported. Only credit unions will contribute to the fund, which was started with a €250 million payment from the State in December 2011, according to correspondence posted on the PAC’s website.

In January 2013, as Cypriot banks faced collapse, Jens Weidmann, Germany’s powerful representative at the European Central Bank, made it clear how unhappy he was with the Cyprus bank bailout, the International New York Times DealBook blog reported. It was not the E.C.B.’s job to “fund the gap of any bank runs,” Mr. Weidmann told the central bank’s governing council, according to confidential minutes of the meeting, citing both the Cyprus rescue and the Greek bank bailout in 2012. As depositors yank their savings from Greek banks, the question is being asked if the E.C.B.

Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing, Reuters reported. During a marathon news conference the veteran Belarussian leader made the bombshell comment that Belarus might hold talks to restructure its debts if it was struggling to repay them. That triggered a fall of 27 cents to the dollar in the value of Belarussian sovereign bonds.

Reforms to break up Europe’s big banks are on course to be weakened by pressure from France and Britain for maximum national leeway, the Financial Times reported. The European Commission has faced a wall of opposition from some EU member states and the banking industry since it made proposals last year to force some banks to hive off risky trading activities. Resistance is coalescing around options to defang the regulation.

Former Anglo Irish Bank chief executive David Drumm has asked a US court for more time to outline his reasons why it should overturn a bankruptcy judge’s ruling blocking a write-off of his debts, the Irish Times reported. Mr Drumm lodged papers in the US District Court in Massachusetts saying that a February 9th deadline was too soon to file an opening brief outlining why he is seeking to overturn the ruling by bankruptcy judge Frank Bailey denying him a discharge.

Greek bank stocks rebounded as the government moved to contain the fallout from pledges made by its ministers, seeking to downplay the prospect of an imminent clash with creditors. Within 48 hours of the appointment of an anti-bailout cabinet under prime minister Alex Tsipras, stocks in Athens fell to lows not seen since the peak of the debt crisis, with banks, in which Greek taxpayers are the biggest shareholders, losing about $11 billion of their value, the Irish Times reported.