Your trusted source

Greece faces a critical 24 hours as European leaders gather for an emergency summit in Brussels that could break the deadlock around the country's debt crisis, BBC reported.

On Sunday, Greek PM Alexis Tsipras set out new proposals to try to prevent a default on a €1.6bn (£1.1bn) IMF loan.
One European official said the proposals held plenty of promise.

Greece must repay the loan by the end of June or risk crashing out of the single currency and possibly the EU.

Talks have been in deadlock for five months, with the European Commission, the IMF and the European Central Bank (ECB) unwilling to unlock the final €7.2bn tranche of bailout funds until Greece agrees to economic reforms they want to see introduced.
The three creditors must agree to the deal offered by Greece to ensure Monday's talks have a clear focus.

The head of the European Commission president's cabinet, Martin Selmayr, said on Twitter that Greece's latest offer had been received by its creditors.

He said it represented a "good basis for progress" before comparing the discussions on a deal to a "forceps delivery" childbirth.