Greece's access to vital loans has been squeezed after the European Central Bank (ECB) stopped accepting the government's bonds as collateral.
The ECB had been accepting the junk-rated bonds, but in a statement said it was changing its mind because of uncertainty over Greece's bailout commitments.
The country's new leaders are currently jetting around Europe trying to renegotiate their €240bn (£180bn) bailout package and ease austerity obligations.
Greece's prime minister, Alexis Tsipras, wants to change the terms of the existing arrangement, which expires at the end of the month.
The ECB move turns the screw on Greece to quickly reach a new deal, but a statement from the country's finance ministry tried to deflect the pressure.
"By reaching and announcing this decision, the European Central Bank is exerting pressure on the Eurogroup to swiftly pursue a new and mutually beneficial agreement between Greece and its partners."
According to the AFP agency, a government source added: "The Greek republic does not intend to blackmail anyone but will not be blackmailed either."
The bond decision comes as Greece's finance minister, Yanis Varoufakis, holds key talks in Berlin with German counterpart Wolfgang Schaeuble.
Germany is seen as the strongest opponent of easing Greek debt and wants the country to stick to the existing agreement.
Austerity measures, imposed in exchange for the bailout loans, have seen the Greek economy shrink by a quarter and unemployment rise to over 25%.
The government is being pressured to sell off ports, airports and other assets to pay back what it owes.
Prime Minister Tsipras said he was "very optimistic" of easing the country's financial burden after talks in Brussels earlier this week.
Mr Tsipras, whose left-wing party swept to power last month, met European Commission President Jean-Claude Juncker and said he was hopeful of "a viable agreement".
If a new deal cannot be hammered out Greece could default on its debt and crash out of the euro currency union.
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