Finance ministers will resume talks on Sunday morning after failing to reach agreement tonight on Greece’s request for a third bailout
Summary: Another failed meetingIt’s still very difficult, says eurogroup chiefItaly to tell Germany ‘enough is enough’
German paper suggests ‘temporary Grexit’ (experts say it’s daft)
Finnish government might collapse over Greek bailoutMinister: Syriza rebels should resign
Photos: Inside the eurogroup meeting
“These proposals cannot build the basis for a completely new, three-year [bailout] programme, as requested by Greece.”
Related: Greece nears euro exit as bailout talks break up without agreement
see you tomorrow #Greece #ohnoooo pic.twitter.com/oL2NVGNQqS
The message from Greece tonight – don’t blame us, we’re doing our best:
Greek gov source on Eurogroup: It’s clear that certain countries, for reasons unrelated to reforms+program, don’t want there to be agreement
European solidarity, eh?
“Even if #Tsakalotos chopped down his arm, #Schaeuble would say it’s not enough”. Words of a European official for today’s #Eurogroup
If eurozone finance ministers cannot reach a deal on Sunday morning, they will pass the hot potato onto the 28 leaders of EU countries in the afternoon:
Another crack tomorrow at 11am, and if they can’t do it, then it gets booted upstairs to the leaders. And that is when the fun really begins
Full #EUCO still on for 6pm CET tomorrow, says EU source – for now.
The FT’s Duncan Robinson confirms that the eurogroup is far from a deal.
Despite the public optimism, officials from both camps are frustrated. “Not very” close to agreement seems to be the summary. #eurogroup
Spain’s Luis de Guindos spoke to the media before hotfooting it into the darkness.
I asked Spain’s FINMIN De Guindos if he’s optimist: We’re going to try till the end (Meeting) Could have been better, but also worse #Greece
I missed Christine Lagarde’s departure, but a replay shows that the IMF chief only gave a wave to the cameras.
The Greek fin min @tsakalotos leaving the #EU building Lex after a hard day. Photo credits @ArisoikoPhoto pic.twitter.com/IzfXmEPwQ4
Here comes Euclid Tsakalotos…..and there goes Euclid Tsakalotos!
Greece’s finance minister exited the building at a marching pace, mobile phone glued to his ear, deep in conversation. Not a word for the press, alas.
Here’s a video clip of Pierre Moscovici’s comments tonight:
#Eurogroup Doorstep European Commissioner @pierremoscovici I always keep my hope #Greece http://t.co/CPqacZODFZ pic.twitter.com/3dvNujme73
Some ministers are walking past the media and refusing to speak, including Ireland’s Michael Noonan. I guess they’ve got nothing encouraging to say.
Mario Draghi just got into a car without comment.
Here comes Pierre Moscovici….and actually he (for once) doesn’t look too upbeat.
He tells reporters (in French) that there is always hope.
#Moscovici: “I always keep hope”. Doesn’t sound so optimistic. #Eurogroup
#Eurogpoup there’s always tommorow, there’s always hope, says Pier Moscovici, leaving Eurozone Finance Ministers’ 9-hour meeting
Michel Sapin’s optimism is unquenchable!
French finance minister asked if he is still optimistic as he leaves. “Always!” #Greece
Finland’s Alex Stubb told reporters that tonight’s meeting made ‘good progress’
RTRS – EUROGROUP “MAKING GOOD PROGRESS” ON GREECE -FINLAND’S STUBB
Jerosn Dijsselbloem, head of the eurogroup, is speaking now at the exit.
He confirms that the meeting is adjourned until 11am tomorrow morning.
We have had an in-depth discussion of the Greek proposals. The issue of credibility and trust was discussed, and also of course the financial issues involved.
It is still very difficult, but work is still in progress.
#eurogroup now very badly split. getting nasty. could be rowdy summit sunday. renzi to round on merkel, enough humiliation. and hollande?
It does NOT look good, I’m afraid.
“Is it a yes or a no,” the Slovakian finmin @KazimirPeter is asked as he leaves. “No is the better answer,” he replies #Greece
Eurozone ministers are being collared as they leave the meeting – here’s a live feed.
Ian adds that there won’t be a press conference tonight. No statement either. We’re basically in limbo until the morning.
Eurogroup breaks up with no joint statement. To continue at noon Greek time on Sunday #Greece #Eurogroup
Ian confirms that the eurogroup is breaking up, to resume in the morning
#eurogroup over at midnight. till 11 tomorrow. no statement agreed for summit. yet
Eurogroup ministers are going to resume talks in 11 hours time:
#Eurogroup tomorrow at 11 in the morning.
The prime minister of Malta has tweeted that the eurogroup meeting failed to reach an agreement (as had become clear in recent hours)
Briefed about inconclusive #Eurogroup meeting. It will be a long day -JM
The Eurogroup meeting is over! Until the morning……
End of #Eurogroup session. To be continued tomorrow.
The 9th hour of Eurogroup meeting starting soon. Works on final statement not finished untill 2-3 am… pic.twitter.com/QJSjMBLDnX
The Finns really have put a spanner in the works, by the sound of it:
EG drafting session with two options. One with the finns, one without. Last word to the leaders, tomorrow (source with a tie) @la_stampa
Hopes of an early finish are being trampled into the carpet. The Brussels press pack are heading that the eurogroup may run for another three hours.
How are things going at Eurogroup? “No way near the end”, apparently.
Final Eurogroup statement not expected until 2-3am – source.
Here’s something to chew on. A eurozone bailout, as Jennifer flagged up earlier, only needs 85% support if the situation is an emergency.
But some country’s have rather more muscle than others, reflecting their financial contribution to bailout funds. Many of the smaller countries only have a tiny share of the vote.
Thanks to an obscure legal clause, ESM can agree a bailout with 85% of votes, not unanimity. These are voting rights: pic.twitter.com/Yfqp8T60Jn
It’s 23.00 in Brussels. Eurogroup meeting started 8 hours ago. As far as I know, very little improvement. Very little optimism.
So much for finishing at 10pm Brussels time…..
#eurogroup still working on the common statement.
Tomorrow, Italy is reportedly going to demand that Germany hammers out an agreement with Greece, our datablog editor, Alberto Nardelli, hears tonight.
Italian prime minister Matteo Renzi has had enough, Alberto understands. It’s time to stop humiliating Greece, and end this crisis.
Hearing Italy to tell Germany: “enough is enough” – we need to stop humiliating Greece, and find a deal and common ground for good of EU
Back in Greece, economy minister George Stathakis has warned that the country could face some capital controls all though the summer.
Reuters has the details:
Stathakis told Greece’s Mega TV that the banks could reopen as soon as next week, if an agreement with creditors is reached this weekend, but other restrictions on withdrawals and currency exports would remain in place for most.
“That will stay in play for two months or some months,” he said.
This appears to be the German finance ministry’s paper, which suggests Greece could be offered a ‘temporary’ exit from the eurozone.
Here’s the Sch