Eurozone Summit

After months without a breakthrough, David Cameron will finally give more details on Tuesday of what reforms he wants for Britain to stay in the European Union before a looming referendum.

The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.

Greece must start to implement tough reforms as early as next week in exchange for a bailout to keep it in the euro, according to proposals drawn up by finance ministers for a eurozone summit on Sunday.

Eurozone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area.

German Chancellor Angela Merkel warned Sunday that a Greek bailout deal will not come 'at any price' as she entered a eurozone summit aimed at bridging gaps on how to keep Greece in the single currency.

Eurozone leaders will fight to the finish to keep near-bankrupt Greece in the Eurozone on Sunday after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

Greece on Sunday faced a final European Union summit to clinch a deal that would stop Athens crashing out of the euro after divided Eurozone ministers halted "very difficult" talks on a new bailout overnight.

German Chancellor Angela Merkel said Tuesday that there was still no basis for talks on a new Greek bailout, as she arrived in Brussels for an emergency summit of eurozone leaders.

Tsipras will face his 18 eurozone counterparts in Brussels as the country's economy gasps for air, with banks closed until at least Thursday amid fears the Greek banking system is imploding.

Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.

As the country's economy gasps for air, with banks closed until at least Thursday on fears cash machines are running dry, Germany and France presented a united front, calling on Tsipras to make "precise" proposals in a bid to revive bailout talks.

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel spoke by telephone today and agreed that Athens would present proposals to a eurozone summit the next day, a Greek government source said.

Eurogroup Chief Jeroen Dijsselbloem said today the results of Greece's resounding 'No' to further austerity measures has brought Europe "no closer to a solution" to Athens' financial situation.

The special meeting comes as Brussels reels with the implications of what the head of the Eurogroup of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a "very regrettable" decision.

Eurozone nations will hold an emergency summit on Tuesday to discuss the Greek referendum "No" result after the German and French leaders called for a meeting, EU president Donald Tusk said.

After months without a breakthrough, David Cameron will finally give more details on Tuesday of what reforms he wants for Britain to stay in the European Union before a looming referendum.

The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.

Greece must start to implement tough reforms as early as next week in exchange for a bailout to keep it in the euro, according to proposals drawn up by finance ministers for a eurozone summit on Sunday.

Eurozone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area.

German Chancellor Angela Merkel warned Sunday that a Greek bailout deal will not come 'at any price' as she entered a eurozone summit aimed at bridging gaps on how to keep Greece in the single currency.

Eurozone leaders will fight to the finish to keep near-bankrupt Greece in the Eurozone on Sunday after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

Greece on Sunday faced a final European Union summit to clinch a deal that would stop Athens crashing out of the euro after divided Eurozone ministers halted "very difficult" talks on a new bailout overnight.

German Chancellor Angela Merkel said Tuesday that there was still no basis for talks on a new Greek bailout, as she arrived in Brussels for an emergency summit of eurozone leaders.

Tsipras will face his 18 eurozone counterparts in Brussels as the country's economy gasps for air, with banks closed until at least Thursday amid fears the Greek banking system is imploding.

Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.

As the country's economy gasps for air, with banks closed until at least Thursday on fears cash machines are running dry, Germany and France presented a united front, calling on Tsipras to make "precise" proposals in a bid to revive bailout talks.

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel spoke by telephone today and agreed that Athens would present proposals to a eurozone summit the next day, a Greek government source said.

Eurogroup Chief Jeroen Dijsselbloem said today the results of Greece's resounding 'No' to further austerity measures has brought Europe "no closer to a solution" to Athens' financial situation.

The special meeting comes as Brussels reels with the implications of what the head of the Eurogroup of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a "very regrettable" decision.

Eurozone nations will hold an emergency summit on Tuesday to discuss the Greek referendum "No" result after the German and French leaders called for a meeting, EU president Donald Tusk said.