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| Greece debt crisis talks held as deadline nears | Greece debt crisis talks held as deadline nears |
| (about 2 hours later) | |
| The heads of both the International Monetary Fund and the European Central Bank have attended talks in Berlin in an attempt to reach a deal with Athens. | The heads of both the International Monetary Fund and the European Central Bank have attended talks in Berlin in an attempt to reach a deal with Athens. |
| They joined German Chancellor Angela Merkel, French President Francois Hollande and European Commission head Jean-Claude Juncker at the meeting. | They joined German Chancellor Angela Merkel, French President Francois Hollande and European Commission head Jean-Claude Juncker at the meeting. |
| The aim was to come up with "a final proposal" to present to Athens, according to reports. | The aim was to come up with "a final proposal" to present to Athens, according to reports. |
| A €300m (£215m) payment to the IMF is due on Friday. | A €300m (£215m) payment to the IMF is due on Friday. |
| There are fears Greece does not have the necessary funds to pay and could default on the debt, ultimately leading to its exit from the eurozone. | There are fears Greece does not have the necessary funds to pay and could default on the debt, ultimately leading to its exit from the eurozone. |
| Friday's payment is the first of four totalling €1.5bn that Greece is due to pay to the IMF in June, and it is understood that the payments could be all bundled together and repaid in a single transaction at the end of the month. | |
| If Greece decides to repay the funds in this way, it would have to notify the IMF, but it has not yet done so. | |
| 'Absurd proposals' | |
| The country remains at a deadlock with international creditors over the release of €7.2bn in remaining bailout funds. | The country remains at a deadlock with international creditors over the release of €7.2bn in remaining bailout funds. |
| The fact that International Monetary Fund chief Christine Lagarde and ECB president Mario Draghi both attended the Berlin meeting underlines the seriousness of the talks. | The fact that International Monetary Fund chief Christine Lagarde and ECB president Mario Draghi both attended the Berlin meeting underlines the seriousness of the talks. |
| The IMF, ECB and the European Commission all want further austerity reforms in return for the cash, which the Greek government - led by Prime Minister Alexis Tsipras - is refusing. | The IMF, ECB and the European Commission all want further austerity reforms in return for the cash, which the Greek government - led by Prime Minister Alexis Tsipras - is refusing. |
| In a column published by French newspaper Le Monde on Sunday, Mr Tsipras said his government was not to blame for the impasse. | In a column published by French newspaper Le Monde on Sunday, Mr Tsipras said his government was not to blame for the impasse. |
| "It is due to the insistence of certain institutional actors on submitting absurd proposals and displaying a total indifference to the recent democratic choice of the Greek people," he wrote. | "It is due to the insistence of certain institutional actors on submitting absurd proposals and displaying a total indifference to the recent democratic choice of the Greek people," he wrote. |
| Mr Tsipras was not contacted during the emergency meeting, according to reports. | Mr Tsipras was not contacted during the emergency meeting, according to reports. |
| After the meeting, a spokesperson for Ms Merkel told the AFP news agency only that the quintet agreed to work together "intensely" in the coming days and would stay in "close contact". | After the meeting, a spokesperson for Ms Merkel told the AFP news agency only that the quintet agreed to work together "intensely" in the coming days and would stay in "close contact". |
| And a Greek official told Reuters that the government had not yet received any proposal from the IMF, ECB and European Commission following Monday's meeting. | |
| But the official said Greece would make Friday's payment if it believes a deal has been sealed, such as a preliminary agreement not yet approved at a Eurogroup meeting. | |
| EU Economics Commissioner Pierre Moscovici said on Tuesday that Greece had made some initial proposals on pensions, which it, alongside the IMF and the ECB, was weighing up. | |
| "We are starting to work in depth on pensions. The Greek government has made some first proposals and the pros and cons are being considered," he told France Inter radio. |