Greek Prime Minister Alexis Tsipras went to Brussels yesterday (June 21) ahead of a crucial emergency Eurozone summit today, aimed at reaching a deal between Athens and its international creditors.

Following contact with the leaders of Germany, France and the European Commission yesterday, to whom the Greek PM presented Greece's proposal for a mutually beneficial agreement, he was due to meet with Commission President Jean-Claude Juncker, president of the European Council Donald Tusk, European Central Bank President Mario Draghi and IMF head Christine Lagarde this morning, before meeting with euro zone leaders in the afternoon.

Eurozone officials have expressed optimism that a deal could now be struck, as the latest Greek proposals provided “a good basis for progress”, European Commission spokesman Martin Selmayr Twitted. “These proposals go in the right direction,” European Economic Affairs Commissioner Pierre Moscovici said on Europe 1 radio.

In Milan, French President Francois Hollande told reporters that everything must be done to keep Greece in the Eurozone because "if the Greeks leave the Eurozone, it won't be positive for the Greeks or Europeans."

The emergency summit on Monday is a positive development and it demonstrates that it is high time a political solution was found, State Minister Nikos Pappas said in an interview with Sunday's Ethnos newspaper. He stressed that "we will reach an agreement based on regulations, democracy and social cohesion."