Creditors deliver ultimatum over reforms
Greece's international creditors gave Athens an ultimatum to come up with a credible reform plan on Thursday, warning they would otherwise put their own proposals to eurozone finance ministers for approval, a eurozone official said.
The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the eurozone and renegotiating Britain's membership terms, which has been overshadowed by the Greek debt crisis.
The official said the heads of the European Commission, the International Monetary Fund and the European Central Bank had given leftist Greek Prime Minister Alexis Tsipras until 9 a.m. GMT to come up with a new, workable proposal for reforms before unlocking new funding that would avert a fast-approaching debt default next week.
