European Leaders Gather To Discuss The Greek Debt Crisis

New York Times: European Leaders Assemble for Urgent Meeting on Greek Crisis

ATHENS — As the Greek government faces a looming debt payment, top European leaders met in Berlin on Monday night to reach a consensus over what to do about Greece, signaling the urgent need to unlock emergency financing for the cash-starved country and avoid a devastating default.

But a growing political backlash in Greece adds to the uncertainty about whether a deal can be sealed. Prime Minister Alexis Tsipras faces increasing dissent within his leftist Syriza party over creditors’ demands for austerity terms as a condition for releasing the aid.

Greece’s main creditors — the International Monetary Fund, the European Central Bank and eurozone countries — have refused to release 7.2 billion euros in bailout funds until Athens agrees to a series of economic reforms and spending cuts. They have been at an impasse for months.

WNU Editor: It is "crunch time" for Greece right now.

More News On The Greek Crisis

Greece's creditors urge more intensity after mini-summit - live updates -- The Guardian
European Leaders Deciding On Greece's Fate Agree That Talks Must Intensify -- Bloomberg
EU leaders stage late-night mini-summit to try to defuse Greek crisis -- The Guardian
IMF, ECB Chiefs Unexpectedly Join Greece Debt Talks in Berlin -- Newsmax
Greece may need to default on debts as IMF deadline looms, warns Goldman -- The Guardian
Greece faces crucial week of IMF repayments -- BBC
Greece counts down to default after Tsipras slams EU demands as 'unreasonable' -- The Independent
‘Truly crunch time': Greece needs a deal within days as IMF payments loom -- Financial Post/Bloomberg
Spoiler alert: Greece won’t default. Not this week, at least. -- Politico