“The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at midnight,” Eurogroup President Jeroen Dijsselboem said on Wednesday after eurozone finance ministers held a conference call to discuss the Greek crisis.
France wants the eurozone to push for a deal with Greece before Sunday's referendum, President François Hollande said yesterday (1 July), in comments that differed sharply from those of German Chancellor Angela Merkel.
Greece's last-minute overtures to international creditors for financial aid yesterday (30 June) were not enough to save it from becoming the first developed economy to default on a loan with the International Monetary Fund. The situation remains so uncertain that even the Sunday referendum, on whether to accept the aid, hangs in doubt.
Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires today (30 June), European Union and Greek government sources said.
From the Commission press room, President Jean-Claude Juncker turned directly to the Greek people today (29 June) in a dramatic message ahead of the 5 July referendum, calling on them to vote yes for Europe, irrespective of the question asked.
Greek lawmakers on Sunday (28 June) authorised Prime Minister Alexis Tsipras' proposed 5 July bailout referendum, setting Greece on course for a plebiscite that has enraged international creditors and increased Greece's chances of exiting the eurozone.
No matter how desperate Greece's situation appears after its government suspended negotiations, Eurogroup President Jeroen Dijsselbloem left the door open Saturday (27 June) to avoid a Greek default next week.
Eurozone ministers on Saturday (27 June) rejected extending the Greek bailout programme, which expires on Tuesday (30 June). They said Prime Minister Alexis Tsipras reacted "negatively" by calling a referendum on the creditors' proposal and by recommending a 'No' vote.
Speaking after a short meeting of eurozone finance ministers, Eurogroup president Jeroen Dijsselbloem said that the new proposals presented by the Greek government are seen as a “positive step' towards reaching an agreement with Athens.
The meeting on Greece between eurozone finance ministers in Brussels ended after only a few hours on Monday (22 June), but Eurogroup President Jeroen Dijsselbloem said the new Greek proposals sent this morning give an opportunity to reach a deal this week.
The European Union welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks today (22 June) where creditors want 11th-hour concessions to haul Athens back from the brink of bankruptcy.
A planned meeting between the leaders of Germany, France, and Greece today (10 June) is in doubt after Greece's reform proposals to unlock new funding to ward off a debt default fell well short, European Union officials said.
EXCLUSIVE / A draft report by the heads of the EU's five main institutions calls for faster eurozone integration, but gives little away in terms of social policy, a key area for Southern Europe. EurActiv France reports.
EU paymaster Germany said on Monday (11 May) it could make sense for Greece to hold a referendum on painful economic reforms under negotiation with its creditors, changing tack as Berlin's own lawmakers bridle at further aid for Athens.
Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels Thursday (23 April), the eve of a crucial meeting of eurozone finance ministers to assess progress made by Athens in its reform pledges.
Greece held "constructive" talks with the head of Gazprom, in Athens yesterday (21 April), and hopes that the two sides will soon reach a deal on a pipeline that will bring Russian gas to Europe via its territory.
Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters yesterday (24 April), leaving it little time to convince sceptical creditors it is committed to economic reform.
In a rare piece of good news for Greek leaders, the European Stability Mechanism (ECM) confirmed Tuesday (10 March) that it has been forced to throw the cash-strapped country a half-billion-euro lifeline.
Warning Greece it had "no time to lose", eurozone ministers agreed to technical talks between finance experts from Athens and its international creditors would start on Wednesday (11 March) with the aim of unlocking further funding.
National politicians have remained largely indifferent to a recent "analytical note" by the European Commission aimed at launching a debate over the future of the eurozone. EU leaders seem to be keeping their powder dry until the EU summit in June, when a second paper is expected. The EurActiv network reports.