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Greece given 'Sunday debt deadline' Greece debt crisis: Eurozone sets deadline for new plan
(35 minutes later)
Eurozone leaders to wait until Sunday for Greece to submit proposals on debt crisis, Italian PM Renzi says The eurozone gives Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. The moves came after an emergency eurozone leaders' summit in Brussels.
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. The eurozone had asked Greece to submit fresh plans after its voters rejected a draft bailout in a referendum.
But Greece brought no written plans, suggesting instead a few changes to an earlier draft, which would respect "the mandate of the referendum".
On Sunday a meeting of all 28 members of the European Union will be held.
European Council President Donald Tusk said that this was the "most critical moment in the history of the eurozone".
"The final deadline ends this week," he said.
Mr Tusk said a Greek bankruptcy and the collapse of the Greek banking system would affect the whole of Europe, and that anyone who thought otherwise was naive.
German Chancellor Angela Merkel said the eurozone leaders had had a "serious, candid discussion" in Brussels that "reflected the seriousness of the situation at hand".
She said the leaders "obviously respect the results of the referendum" but also had a "shared responsibility" for the European Union.
Mrs Merkel said Greece needed a new debt programme that would last several years, not a short-term fix.
European Commission President Jean-Claude Juncker said he wanted Greece to remain in the eurozone but that Greece had to "tell us where they are heading" by the end of the week.
Italian PM Matteo Renzi said Greek PM Alexis Tsipras was acting in good faith to provide sensible proposals to stave off the debt crisis.