Time is running out for Greece as the eurogroup meeting has ended with no deal, but this may not be the end of the Greek saga.
ADVERTISEMENTTime is running out for Greece as the eurogroup meeting has ended with no deal, but this may not be the end of the Greek saga.
Eurogroup president Jeroen Dijsselbloem told reporters that there has been too little progress, and that its up to Athens to put forward credible proposals. But he added there is still time to find an agreement and extend the current programme.
EU Council President Donald Tusk is expected to call an emergency eurozone meeting to be held on Monday 22 June.
In a press conference Commissioner Pierre Moscovici says that the eurozone is ready to work ‘day and night’ for a deal.
If no deal is reached Greece will run out of money by the end of the month and risk a eurozone exit.