Summary

  • Eurozone leaders hold Brussels summit, after finance ministers held more than 10 hours of talks

  • Talks focus on new conditions for possible Greek bailout of up to €86bn

  • If no deal reached, Greece could temporarily leave eurozone

  • Eurozone calls for Greece to put tough reforms into law by 15 July

  • All times BST (GMT+1)

  1. Goodbyepublished at 05:49

    Thank you for staying with our live updates. Negotiations went on throughout the night between European leaders over the Greek crisis, and we still await an outcome. While we await that decision we will be closing down this page, but for the latest developments click here .

  2. Analysispublished at 05:34

    Chris Morris, BBC's Europe correspondent

    Eurozone leaders have talked through the night for fourteen hours - and they haven't finished yet. 

    Greece is all but bankrupt and it's now been told it has to push legislation on a series of reforms through parliament in the next three days - before any talks on another financial bailout can begin. 

    But there's still no agreement on exactly what Greece has to do.

    Eurozone finance ministers had presented an additional list of demands - some of which have been watered down, some of which are still unacceptable to the Greek government. 

    One sticking point is a privatisation programme designed to raise up to 50 billion euros in revenue - Greece, backed up by several countries, says it hasn't got anywhere near that amount of state assets to sell. 

    But beyond the details lies the big picture - the chairman of this summit Donald Tusk has described this as perhaps the most critical moment in the EU's history. It's not just about Greece, it's about the future direction of the single currency. 

  3. 'Outcome uncertain'published at 05:30

    Manos Giakoumis, political analyst at website Macropolis

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  4. Final consultationspublished at 05:08

    Joseph Muscat, Prime Minister of Malta

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  5. Gun to headpublished at 05:00

    Rachel O'Brien, AFP news agency journalist

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  6. Almost there?published at 04:55

    Ian Traynor, Guardian's Europe editor

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  7. What two points still haven't been agreed?published at 04:34

    Eleni Varvitsiotis, EU Correspondent, for Greek newspaper Kathimerini

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  8. 'Compromise after talks'published at 04:11

    Danny Kemp, from AFP news agency

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  9. The scene is setpublished at 04:00

    Emily Purser, Sky

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  10. 'Tedium'published at 03:52

    Christian Fraser, BBC news correspondent

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  11. Sleeppublished at 03:47

    For some journalists, however, the wait has been too much,,,,,

    Journalists wait for the end of Eurozone leader summit on the Greek crisisImage source, EPA
  12. Picture from the scenepublished at 03:44

    Jennifer Rankin, Guardian reporter

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  13. Update: Compromise proposalpublished at 03:14

    Preben Aamann, spokesperson of European Council President Donald Tusk

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  14. 'All-nighter'published at 02:29

    Chris Morris, BBC's europe correspondent

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  15. On fifth draft...published at 01:28

    Danny Kemp, deputy Brussels deputy bureau chief for AFP news agency

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  16. Greece a skirmish in a bigger battlerpublished at 01:27

    Duncan Weldon, BBC economics correspondent

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  17. State of playpublished at 00:44

    Nikos Christodoulides, government spokesperson for Cyprus

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  18. French sources deny bilateral loanpublished at 00:37

    Reuters news agency is reporting that two official French sources have denied a report by a senior European Union official on Monday that France could give Greece a bilateral loan to help it over an immediate funding deadline pending an agreement on a third bailout.

    The EU official said a bilateral loan from Paris was one option under discussion to help raise some €7bn that Greece needs by 20 July to avoid defaulting on a bond redemption to the European Central Bank (ECB), which could force the ECB to end funding for Greek banks. 

    Other options included paying out about €3.4bn in profits from the ECB's holdings of Greek bonds that were returned to member states, and tapping a €60bn fund held at the European Commission known as the European Financial Stability Mechanism, the official said.

  19. Gun to Greece's headpublished at 00.21

    On a lighter note, here's how political cartoonist for The Times, Gary Barker, has summed up the ebb and flow of the Greek crisis over the past week...

    CartoonImage source, The Times
  20. Winning them over?published at 00:13

    In this article, external (in Greek) Mega quotes sources in Greece as saying Italy, Austria and Belgium are supporting the Greek position for the first time.