Eurozone Summit On 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.

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.

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.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Greek Prime Minister Alexis Tsipras has cancelled a planned address to the Council of Europe, the Strasbourg-based body said today as eurozone leaders were set to hold an emergency summit on a deal deal for cash-strapped Athens.

Greek Prime Minister Alexis Tsipras will head to his first European summit on Thursday duly warned that it will be near impossible, as Athens wants, to rip up pledges made during the country's four-year international bailout.

Asian stock markets struggled for direction Monday, with investors unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington.

President Barack Obama, wrapping up the G8 summit, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world.

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.

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.

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.

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the looming Greek debt crisis.

Greek Prime Minister Alexis Tsipras has cancelled a planned address to the Council of Europe, the Strasbourg-based body said today as eurozone leaders were set to hold an emergency summit on a deal deal for cash-strapped Athens.

Greek Prime Minister Alexis Tsipras will head to his first European summit on Thursday duly warned that it will be near impossible, as Athens wants, to rip up pledges made during the country's four-year international bailout.

Asian stock markets struggled for direction Monday, with investors unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington.

President Barack Obama, wrapping up the G8 summit, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world.