Time is running out for Greece to keep its economy afloat after a meeting with its European creditors in Brussels broke down Monday as Athens rejected a proposal for a six-month extension of its bailout program under terms offered by the euro zone.
European stocks finished slightly lower after the stalemate, while the euro fell 0.2 percent to $1.1333 to the dollar in early Asian trading.
Eurogroup president Jeroen Dijsselbloem is giving Greece up to Friday to ask for a bailout extension. The current bailout program for the debt-stricken country is set to expire on February 28 and Greece stands to lose access to Europe's emergency assistance, potentially leaving it unable to make debt repayments in March.
With the deadline looming, will Greece and the euro zone reach an agreement by the end of this week?