Prospects of new Greek rescue rise at euro zone summit
Greek Prime Minister Alexis Tsipras won a commitment to seek a last-minute rescue at an emergency euro zone summit on Tuesday, before his country's banks run out of money.
EU leaders will hold a further summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied in the meantime with a Greek loan application and reform commitments.
"The ball is in Greece's court," Italian Prime Minister Matteo Renzi said. "Next Sunday the final meeting will take place on Greece ... I am not pessimistic."
German Chancellor Angela Merkel, who arrived saying there was still no basis for reopening negotiations with Athens, changed her tune in the room and was actively involved in efforts to find a last-ditch solution, euro zone sources said.
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