Greece and Europe struggle to contain debt crisis

Greece's finance minister would be to speak with his German counterpart and meet the head of the European Commission task force for the debt-ridden country since the government struggles to contain a crippling financial crisis roiling worldwide markets.

Evangelos Venizelos was to speak Tuesday with Wolfgang Schaeuble after holding an extended telephone conversation the previous day.

Senior German politicians have suggested publicly in recent days that an orderly bankruptcy of Greece may participate a solution to the country's problems.

Fears Greece will default on its debts and signs of division among European policymakers how to manage the crisis sent Greece's borrowing costs skyrocketing in order to new record highs of nearly 23 percent Monday.