The Latest: Dijsselbloem Notes Progress in Greek Talks

The latest from Greece's financial crisis (all times local):


4:20 p.m.

Jeroen Dijsselbloem, the eurozone's top official, says discussions over a Greek bailout request have come a long way but that some thorny issues remain which leaders will address later at a special summit.

Following the conclusion of what turned out to be a two-day meeting of the 19 finance ministers of the eurozone, Dijsselbloem said "we've come a long way" but that "some big issues still remain."

Dijsselbloem, in his capacity as eurogroup president will brief eurozone leaders about the progress so far.

"We're now going to inform the leaders and they're going to discuss and hopefully decide on those last issues," he said, without specifying what those issues were.


4:10 p.m.

A Greek official says Prime Minister Alexis Tsipras has spoken by phone with U.S. Treasury Secretary Jack Lew, and told him that for there to be a deal, all sides must want one.

The official, who spoke on condition of anonymity in line with government regulations, said Tsipras told Lew that Greece has proven that it does want to strike a deal but that the viability of any agreement must acknowledge what the Greek people has gone through in the last five years.

The Greek economy has shrunk by around a quarter over the past few years while unemployment and poverty rates have risen alarmingly.

---By Elena Becatoros in Athens.


3:45 p.m.

German Chancellor Angela Merkel insists that there won't be a Greek deal later Sunday "at any price."

Arriving for an emergency summit of eurozone's leaders in Brussels, Merkel says "the most important currency has been lost: that is trust and reliability."

Merkel says the talks later will be "tough," adding that in any deal reached "the advantages outweigh the disadvantages both for the future of Greece and the eurozone as a whole and the principles of our cooperation."

Germany has taken a tough line on Greece over the past few weeks and has questioned whether the government of Greek Prime Minister Alexis Tsipras will deliver the reforms it has promised in exchange for a financial rescue package.


3:35 p.m.

Jean-Claude Juncker, the head of the European Union's executive branch, says he will "fight until the very last millisecond" for a deal that keeps Greece in the euro.

Arriving for an emergency meeting of the leaders of the 19-country eurozone in Brussels, the European Commission president gave few grounds for optimism that a breakthrough over the Greek crisis was imminent.

Juncker's caution was echoed in comments from other eurozone leaders including French President Francois Hollande and German Chancellor Angela Merkel.


3:25 p.m.

French President Francois Hollande said he's going to do everything that he can to keep Greece in the euro.

Arriving for an emergency summit of eurozone leaders in Brussels, Hollande said "France is going to do everything to reach an agreement tonight."

He said it wasn't just Greece's future that's at stake.

"It is Europe that is at stake," he said.

Hollande also sought to douse any talk that a temporary Greek exit from the eurozone is possible. Greece is either in or out, he said.

The latter would be a retreat for Europe, said Hollande.


3:05 p.m.

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