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| Greek debt: Merkel urges deal before Monday summit | Greek debt: Merkel urges deal before Monday summit |
| (about 7 hours later) | |
| German Chancellor Angela Merkel has warned there must be a deal between Greece and its creditors ahead of Monday's emergency EU summit. | German Chancellor Angela Merkel has warned there must be a deal between Greece and its creditors ahead of Monday's emergency EU summit. |
| Otherwise, she said, the summit would not be able to make any decision. | Otherwise, she said, the summit would not be able to make any decision. |
| Greece has less than two weeks remaining to strike a deal or face defaulting on a €1.6bn (£1.1bn) IMF loan repayment. | Greece has less than two weeks remaining to strike a deal or face defaulting on a €1.6bn (£1.1bn) IMF loan repayment. |
| There are fears about the health of Greek banks, amid reports more than €4bn has been withdrawn this week. | There are fears about the health of Greek banks, amid reports more than €4bn has been withdrawn this week. |
| On Friday, the European Central Bank (ECB) approved more emergency help for the banks. The amount of extra funding has not been officially disclosed. | On Friday, the European Central Bank (ECB) approved more emergency help for the banks. The amount of extra funding has not been officially disclosed. |
| Meanwhile, Russia says that it will consider granting a loan to Greece if it is asked. | |
| If Greece fails to make the repayment due to the International Monetary Fund, it risks having to leave the eurozone and possibly also the EU. | If Greece fails to make the repayment due to the International Monetary Fund, it risks having to leave the eurozone and possibly also the EU. |
| The European Commission, the IMF and the ECB are unwilling to unlock bailout funds until Greece agrees to reforms. | The European Commission, the IMF and the ECB are unwilling to unlock bailout funds until Greece agrees to reforms. |
| They want Greece to implement a series of economic changes in areas such as pensions, VAT and on the budget surplus before releasing €7.2bn of funds, which have been delayed since February. | They want Greece to implement a series of economic changes in areas such as pensions, VAT and on the budget surplus before releasing €7.2bn of funds, which have been delayed since February. |
| 'Expectations' | 'Expectations' |
| The emergency summit of leaders from eurozone nations will be held in Brussels on Monday, after negotiations on Thursday failed. | The emergency summit of leaders from eurozone nations will be held in Brussels on Monday, after negotiations on Thursday failed. |
| "Let me make it very clear as to the expectations," Mrs Merkel said on Friday. | "Let me make it very clear as to the expectations," Mrs Merkel said on Friday. |
| "Such a summit can only become a summit of decisions if there is something to base a decision on. | "Such a summit can only become a summit of decisions if there is something to base a decision on. |
| "It is up to the three institutions [the ECB, IMF and European Commission] to assess this, and up to now we don't have that assessment." | "It is up to the three institutions [the ECB, IMF and European Commission] to assess this, and up to now we don't have that assessment." |
| Valdis Dombrovksis, European Commissioner for the euro, told BBC Radio 4's Today programme that there had been "a strong signal" from the Eurogroup to Greece "that it's [the] last moment to engage seriously in negotiations". | Valdis Dombrovksis, European Commissioner for the euro, told BBC Radio 4's Today programme that there had been "a strong signal" from the Eurogroup to Greece "that it's [the] last moment to engage seriously in negotiations". |
| Responding to the reports of big cash withdrawals by Greek savers, he said: "It's very clear that one of the most urgent things Greece needs is financial stability." | Responding to the reports of big cash withdrawals by Greek savers, he said: "It's very clear that one of the most urgent things Greece needs is financial stability." |
| 'Quiet withdrawals' | 'Quiet withdrawals' |
| The Reuters news agency said withdrawals by Greek savers between Monday and Friday reached about €4.2bn, which represents about 3% of household and corporate deposits held by Greek banks at the end of April. | The Reuters news agency said withdrawals by Greek savers between Monday and Friday reached about €4.2bn, which represents about 3% of household and corporate deposits held by Greek banks at the end of April. |
| Close to €1bn was withdrawn on Friday alone, the financial website Euro2day said. | Close to €1bn was withdrawn on Friday alone, the financial website Euro2day said. |
| "There are no lines [queues] or panic, it has been a quiet and gradual phase of withdrawals," one banker told Reuters. | "There are no lines [queues] or panic, it has been a quiet and gradual phase of withdrawals," one banker told Reuters. |
| A fully fledged run on the banks could upset the plans of the Greek government and its creditors, says BBC Europe correspondent Chris Morris. | A fully fledged run on the banks could upset the plans of the Greek government and its creditors, says BBC Europe correspondent Chris Morris. |
| He says that any introduction of capital controls will depend on the behaviour of the Greek people. | He says that any introduction of capital controls will depend on the behaviour of the Greek people. |
| He says that if the outflow of deposits from banks reaches alarming levels which no-one can really cope with, then the decision is taken out of policymakers' hands. | He says that if the outflow of deposits from banks reaches alarming levels which no-one can really cope with, then the decision is taken out of policymakers' hands. |
| Greece - deal or no deal? | Greece - deal or no deal? |
| Cars and shoe boxes: Greeks cope with an economic crisis | Cars and shoe boxes: Greeks cope with an economic crisis |
| Peston: Is there any way Greece can avoid default?? | Peston: Is there any way Greece can avoid default?? |
| Walker: The options for Greece | Walker: The options for Greece |
| What impact would Grexit have on UK? | What impact would Grexit have on UK? |
| Greece debt crisis: Full coverage | Greece debt crisis: Full coverage |
| Greek Prime Minister Alexis Tsipras said on Friday that there would be a solution to Greece's debt crisis. | Greek Prime Minister Alexis Tsipras said on Friday that there would be a solution to Greece's debt crisis. |
| "The [eurozone] leaders summit on Monday is a positive development on the road toward a deal," Mr Tsipras said in a statement. | "The [eurozone] leaders summit on Monday is a positive development on the road toward a deal," Mr Tsipras said in a statement. |
| "All those who are betting on crisis and terror scenarios will be proven wrong." | "All those who are betting on crisis and terror scenarios will be proven wrong." |
| He added: "There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro." | He added: "There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro." |
| Mr Tsipras was at an economic forum in St Petersburg in Russia on Friday with a delegation of ministers and business leaders. | Mr Tsipras was at an economic forum in St Petersburg in Russia on Friday with a delegation of ministers and business leaders. |
| At the forum, Greece and Russia signed a memorandum on extending the planned Turkish Stream gas pipeline to Europe through Greek territory. | At the forum, Greece and Russia signed a memorandum on extending the planned Turkish Stream gas pipeline to Europe through Greek territory. |
| Athens said funding would come from Russian state development bank VEB. | Athens said funding would come from Russian state development bank VEB. |
| Greek Energy Minister Panagiotis Lafazanis said at the signing ceremony that Greece needed support and not pressure, and that co-operation with Russia was not aimed against other countries or Europe. | Greek Energy Minister Panagiotis Lafazanis said at the signing ceremony that Greece needed support and not pressure, and that co-operation with Russia was not aimed against other countries or Europe. |
| President Vladimir Putin's spokesman, Dmitry Peskov, said Russia would consider granting Greece a loan. | President Vladimir Putin's spokesman, Dmitry Peskov, said Russia would consider granting Greece a loan. |
| But the issue was not raised in talks between Mr Putin and Mr Tsipras, he said. | But the issue was not raised in talks between Mr Putin and Mr Tsipras, he said. |
| Greek debt talks: main sticking points | Greek debt talks: main sticking points |
| Is Greece close to Grexit? | Is Greece close to Grexit? |
| EU solidarity damaged by Greek splits | EU solidarity damaged by Greek splits |
| Are you in Greece? How have you been affected by the crisis over recent years? You can email haveyoursay@bbc.co.uk with your experience. | Are you in Greece? How have you been affected by the crisis over recent years? You can email haveyoursay@bbc.co.uk with your experience. |
| If you are willing to speak further to a BBC journalist, please include a contact telephone number. | If you are willing to speak further to a BBC journalist, please include a contact telephone number. |
| Or WhatsApp us on +44 7525 900971 | Or WhatsApp us on +44 7525 900971 |