The finance ministers of the 19 countries who use the euro will meet in Brussels on Monday to debate what a Greek default would mean for Europe.
That is unless Greece comes up with some new proposals in the loans-for-reforms talks.
The country’s international creditors want more reforms on pensions and VAT.
Athens has to pay 1.6 billion euros to the IMF on June 30th.
“There is some work to do between the institutions which we have asked to technically look at the credibility of a global plan, so that there can be a situation that is sustainable for all, for Greece but also for the other eurozone countries,” said Michel Sapin, the French finance minister.
A summit of eurozone leaders follows the meeting of finance ministers; diplomats say Greece must make more offers of reforms on pensions and VAT.
“Now, we have to see again what happens in Greece until Monday, but i’m not very convinced to be able to tell you anything sensationally new on Monday,” said Wolfgang Schauble, th
