Eurozone finance ministers did not reach an agreement on Greece during their meeting yesterday (18.06) in Luxembourg, Eurogroup President Jeroen Dijsselbloem announced at a press conference afterwards. "As of today, it is still possible to find an agreement and extend the current programme before the end of this month."

As a result, European Council President Donald Tusk announced his decision to call a Euro Summit on Monday June 22, saying: "It is time to urgently discuss the situation of Greece at the highest political level."

The emergency summit in an effort to reach an agreement is considered to be a positive development by the government in Athens. In the statement issued by the Prime Minister’s office, it is stressed that the goal is to come to an agreement, based on EU rules and democracy, which will allow Greece to return to growth within the euro.