Eurogroup head Jeroen Dijsselboem has warned that "big, big problems" need to be solved before any Greece debt deal can be agreed.
Greece’s departure from the euro is now likely enough that officials from the single-currency area act as if they have come to terms with such an outcome, according to Martin Sorrell.
More discussions on tap Friday in Riga, Latvia
The Associated Press
Time is running out for Greece to reach a deal with bailout creditors and prevent the country going bankrupt, the eurozone's top official said Friday as he headed into discussions with his colleagues from the 19-country single currency zone.
The response of the European Central Bank would be key to the consequences of a missed payment by Greece to the IMF, Fitch Ratings says. We still see a last-minute deal to secure fiscal funding from Greece's creditors as the most likely outcome, but the risk of a missed payment cannot be discounted.