Eurozone leaders to hold emergency summit on Greece Final deadline for Greece, as EU prepares for Grexit

Euro leaders expect Tsipras to make concessions

According to an EU source quoted by Greece’s Kathimerini, 16 out of 18 of Tsipras’ colleagues around the table are in favour of letting Greece leave the eurozone. Only France and Italy appear ready to accept Tsipras’ demands on debt relief and investments.

The summit will also show “the reaction of the 18 other countries” to the referendum, Merkel warned. “This is also democracy, we have a shared sovereignty. We are 18 with the same money [as Greece], so everybody must be responsible and show solidarity”, she said.

Speaking at the European Parliament Tuesday, European Commission president Jean-Claude Juncker noted that “the ball is clearly in the Greek camp” and added that no one should expect a final agreement on Tuesday evening. ( euobserver)

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