The Greek crisis rumbled on Friday, as euro zone finance ministers arrived in Brussels for yet another round of discussions on the country's debt problems.
The policymakers are set to mull over the latest proposals put forward from Greece to extend its loan agreement by six months. The meeting is due to begin at 3:30 pm GMT.
Speaking to reporters ahead of the meeting, Eurogroup President Jeroen Dijsselbloem said there was "some reason for optimism" and that he hoped to have an outcome in "a couple of hours' time."
Any policy decision by the Eurogroup of finance ministers has to be agreed upon unanimously to be implemented, and in some countries approved by parliament.
But with Germany already rejecting the plan on Thursday, there is little hope that an agreement will be announced. Another meeting in Brussels for next week was already being touted before Friday's meeting even began.
German officials shunned Greece's extension proposal, calling it a "Trojan Horse" which left "immense room for interpretation."
The main problem for fiscally disciplined countries like Germany is that, despite the compromises Greece has appeared to make over the last week, it is still asking for the bailout loan without all the strict austerity conditions which come with the money.
On Thursday, the left-leaning Syriza Party in Greece offered a series of concessions to its earlier hardline stance.