Jeroen Dijsselbloem

Greek lawmakers will hold an emergency parliament session today for a crucial vote on ratifying a hurriedly-concluded bailout deal, but Germany - Europe's de facto paymaster - has cast doubt on the agreement.

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.

Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.

Talks on a new Greek bailout are "very difficult" but eurozone finance ministers are still working for a deal, Eurogroup chief Jeroen Dijsselbloem said Saturday after the discussions were halted for the night.

Commission spokesman Margaritis Schinas told a press conference that Jean-Claude Juncker, Christine Lagarde, Mario Draghi and Jeroen Dijsselbloem would discuss the plan in a conference call at 1100 GMT.

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.

Greece was teetering on the brink of a default that could see it crash out of the euro hours before a key debt deadline was due to expire today,as the country's prime minister warned Athens's coffers were empty.

Greece hurtled closer to a possible exit from the eurozone on Saturday after Europe responded to the government's call for a referendum by refusing to extend Athens's desperately needed bailout.

Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week amid fears of financial market turmoil.

Greece's international creditors poured cold water on the chances of a breakthrough at an emergency summit today aimed at finding a deal to save Athens from default and a possible exit from the euro.

Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden today to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.

Greece and the Eurozone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of Eurozone finance ministers Jeroen Dijsselbloem said on Friday.

Europe on Friday granted Greece a crucial extension to its massive debt bailout, ending weeks of tension, but at the cost of huge concessions including a commitment to spell out reforms within two days.

US and European regulators ordered Dutch lender Rabobank to pay $1.07 billion to settle allegations it aided a six-year scheme to rig benchmark interest rates, imposing the fifth fine in a scandal that has helped to shred faith in the industry.

Greek lawmakers will hold an emergency parliament session today for a crucial vote on ratifying a hurriedly-concluded bailout deal, but Germany - Europe's de facto paymaster - has cast doubt on the agreement.

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.

Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.

Talks on a new Greek bailout are "very difficult" but eurozone finance ministers are still working for a deal, Eurogroup chief Jeroen Dijsselbloem said Saturday after the discussions were halted for the night.

Commission spokesman Margaritis Schinas told a press conference that Jean-Claude Juncker, Christine Lagarde, Mario Draghi and Jeroen Dijsselbloem would discuss the plan in a conference call at 1100 GMT.

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.

Greece was teetering on the brink of a default that could see it crash out of the euro hours before a key debt deadline was due to expire today,as the country's prime minister warned Athens's coffers were empty.

Greece hurtled closer to a possible exit from the eurozone on Saturday after Europe responded to the government's call for a referendum by refusing to extend Athens's desperately needed bailout.

Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week amid fears of financial market turmoil.

Greece's international creditors poured cold water on the chances of a breakthrough at an emergency summit today aimed at finding a deal to save Athens from default and a possible exit from the euro.

Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden today to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.

Greece and the Eurozone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of Eurozone finance ministers Jeroen Dijsselbloem said on Friday.

Europe on Friday granted Greece a crucial extension to its massive debt bailout, ending weeks of tension, but at the cost of huge concessions including a commitment to spell out reforms within two days.

US and European regulators ordered Dutch lender Rabobank to pay $1.07 billion to settle allegations it aided a six-year scheme to rig benchmark interest rates, imposing the fifth fine in a scandal that has helped to shred faith in the industry.