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| Greek PM Tsipras calls for unity before Juncker debt talks | Greek PM Tsipras calls for unity before Juncker debt talks |
| (35 minutes later) | |
| Prime Minister Alexis Tsipras has called on Europe's leaders to show unity and realism ahead of a key meeting on Greece's debt crisis. | Prime Minister Alexis Tsipras has called on Europe's leaders to show unity and realism ahead of a key meeting on Greece's debt crisis. |
| International creditors will present a new plan of economic reforms needed for Greece to receive further funding at the talks in Brussels later. | International creditors will present a new plan of economic reforms needed for Greece to receive further funding at the talks in Brussels later. |
| Mr Tsipras has already put forward new proposals of his own that he says would involve painful concessions. | Mr Tsipras has already put forward new proposals of his own that he says would involve painful concessions. |
| His government is due to repay €300m (£216m) to the IMF on Friday. | His government is due to repay €300m (£216m) to the IMF on Friday. |
| Greece's bailout deal with the IMF, European Central Bank (ECB) and European Commission runs out at the end of June, and the cash-strapped government has been haggling since February over the release of the last €7.2bn in funds. | Greece's bailout deal with the IMF, European Central Bank (ECB) and European Commission runs out at the end of June, and the cash-strapped government has been haggling since February over the release of the last €7.2bn in funds. |
| 'Division' | 'Division' |
| The latest draft deal has been put together by international creditors following emergency talks late on Monday with German Chancellor Angela Merkel and French President Francois Hollande. | The latest draft deal has been put together by international creditors following emergency talks late on Monday with German Chancellor Angela Merkel and French President Francois Hollande. |
| The details remain under wraps but the document is believed to call for pensions changes and an overhaul of labour laws. There are also reports of ambitious targets for Greece's primary surplus - the amount by which tax revenues exceed public spending, not including interest payments. | The details remain under wraps but the document is believed to call for pensions changes and an overhaul of labour laws. There are also reports of ambitious targets for Greece's primary surplus - the amount by which tax revenues exceed public spending, not including interest payments. |
| Mr Tsipras will hear details of the plan when he meets European Commission President Jean-Claude Juncker on Wednesday evening. | Mr Tsipras will hear details of the plan when he meets European Commission President Jean-Claude Juncker on Wednesday evening. |
| His own proposals, which he said were "a realistic plan for Greece to exit the crisis", were dismissed by the head of eurozone finance ministers, Jeroen Dijsselbloem, as going "nowhere near far enough." Reuters said it included restrictions on early retirement as well as low primary surplus targets. | His own proposals, which he said were "a realistic plan for Greece to exit the crisis", were dismissed by the head of eurozone finance ministers, Jeroen Dijsselbloem, as going "nowhere near far enough." Reuters said it included restrictions on early retirement as well as low primary surplus targets. |
| Mr Dijsselbloem was also due to take part in the Brussels talks, officials said. | Mr Dijsselbloem was also due to take part in the Brussels talks, officials said. |
| As he prepared to leave Athens with several key ministers, the Greek leader said he was going to meet Mr Juncker to discuss his proposals, and had not received anything from international lenders. | As he prepared to leave Athens with several key ministers, the Greek leader said he was going to meet Mr Juncker to discuss his proposals, and had not received anything from international lenders. |
| He said he was certain Europe's leaders would "sign up to realism". "We need unity, we must avoid division," he said in a statement. | He said he was certain Europe's leaders would "sign up to realism". "We need unity, we must avoid division," he said in a statement. |
| Pushing for a solution | Pushing for a solution |
| Mr Juncker's spokeswoman dampened hopes of an imminent deal, telling reporters that no "final outcome" was expected from Wednesday's talks. | Mr Juncker's spokeswoman dampened hopes of an imminent deal, telling reporters that no "final outcome" was expected from Wednesday's talks. |
| However, in a sign that all sides were pushing for a solution, a conference call was planned between Mr Tsipras, Chancellor Merkel and President Hollande, a French official said. | However, in a sign that all sides were pushing for a solution, a conference call was planned between Mr Tsipras, Chancellor Merkel and President Hollande, a French official said. |
| Eurozone still in denial - by Robert Peston, BBC economics editor | Eurozone still in denial - by Robert Peston, BBC economics editor |
| With €300m due to the IMF on Friday, and a further €1.3bn later this month, this has always been a row about book-keeping entries and the accounting treatment of debts. | With €300m due to the IMF on Friday, and a further €1.3bn later this month, this has always been a row about book-keeping entries and the accounting treatment of debts. |
| It is a dispute about whether the eurozone's creditors will release funds so that they can pay themselves and avoid having to call Greece in default. | It is a dispute about whether the eurozone's creditors will release funds so that they can pay themselves and avoid having to call Greece in default. |
| Or to put it another way, it is all about whether the IMF and eurozone can keep up the pretence that Greece is a sound and solvent debtor. | Or to put it another way, it is all about whether the IMF and eurozone can keep up the pretence that Greece is a sound and solvent debtor. |
| But doesn't it normally tell you something pretty important about those who owe you money when you have to lend to them so that they can keep up the payments to you? | But doesn't it normally tell you something pretty important about those who owe you money when you have to lend to them so that they can keep up the payments to you? |
| Read more from Robert | Read more from Robert |
| Greek debt crisis: Special report | Greek debt crisis: Special report |
| Mr Tsipras's far-left Syriza party won elections in January on a pledge to oppose deeply unpopular austerity measures imposed by Greece's creditors. | Mr Tsipras's far-left Syriza party won elections in January on a pledge to oppose deeply unpopular austerity measures imposed by Greece's creditors. |
| However, failure to reach a deal could trigger a Greek default and a potential exit from the eurozone. | However, failure to reach a deal could trigger a Greek default and a potential exit from the eurozone. |
| Syriza's parliamentary group chairman Nikos Philis warned that if "we have no prospect of a deal on Friday or Monday, we won't pay the money", referring to the 5 June debt instalment to the IMF. | Syriza's parliamentary group chairman Nikos Philis warned that if "we have no prospect of a deal on Friday or Monday, we won't pay the money", referring to the 5 June debt instalment to the IMF. |
| Mario Draghi, president of the ECB, said the bank wanted Greece to stay in the single currency, but that a "strong agreement" was needed between Athens and its creditors. | |
| Friday's payment is the first of four that Greece is due to pay to the IMF in June. | Friday's payment is the first of four that Greece is due to pay to the IMF in June. |
| It is understood Greece could repay all the instalments in a single transaction at the end of the month, although it has not yet notified the IMF that it wishes to do so. | It is understood Greece could repay all the instalments in a single transaction at the end of the month, although it has not yet notified the IMF that it wishes to do so. |