No agreement on Greece bailout deal
Bailout talks with Greece have yielded very little and no agreement is in sight yet, the eurozone’s top official has said.
An urgent summit has been called for Monday over Greece's debts.
Yanis Varoufakis has said that he believes that a deal can still be done to allow the country to meet a huge bill by the end of the month.
"We are dangerously close to a state of mind that accepts an exit. And I urge my colleagues to not fall prey to this state of mind. We can forge a good agreement.
But Eurogroup president Jeroen Dijsselbloem said Greek finance minister Yanis Varoufakis presented too few measures that were credible and serious at a meeting today.
The talks over the last week have not progressed and “time is running out”, Mr Dijsselbloem said.
He added it is up to the Greeks to submit new proposals in the coming days.
Greece is in talks to get more loans from its creditors – which include the eurozone states and the International Monetary Fund (IMF).
Without help, Greece will struggle to make a debt repayment on June 30.
Earlier Valdis Dombrovskis, an EU vice-president whose remit includes the euro, wrote on his official Twitter account that there was no deal at the meeting of the eurozone’s 19 finance ministers in Luxembourg.
He added that there was a strong signal for Greece “to engage seriously in negotiations”.
Mr Dombrovskis added that the group of eurozone finance ministers “stands ready to reconvene at any moment”.
