A final proposal by Greece’s international creditors is being put to eurozone finance ministers, with time fast running out to reach agreement and avert a debt default.
As talks resumed after breaking up in failure on Wednesday night ahead of an EU summit in Brussels, sources said that still no agreement had been reached.
Athens missed a mid-morning deadline to propose a workable reform plan.
Speaking on Thursday lunchtime, the President of the European Parliament Martin Schulz said he would remain optimistic “until the last second”.
Greece’s lenders set the deadline to unlock new funding and avert a default next Tuesday.
There is said to be exasperation over Athens’ refusal to compromise on matters such as pensions, labour markets, wages and tax.
Sources close to the talks said there were big gaps between Greece and the International Monetary Fund, European Central Bank and the European Commission.
Athens has not managed to get what it wanted: proposals on the restructu
