Greece has not managed to reach a deal with its creditors at the latest Eurogroup meeting in Luxembourg, and officials said they would hold a new summit on Monday.
Valdis Dombrovskis, the European Commission vice-president for the euro and social Dialogue, shared his report on the Greek debt discussions over Twitter:
Euro zone finance ministers were meeting in Luxembourg for a session that had been billed as the final chance to reach a cash-for-reform deal.
Greece owes the International Monetary Fund 1.6 billion euros ($1.8 billion) by the end of June. It has not been able to reach a deal for austerity measures and pension reform that would satisfy creditors.
Following German media reports Thursday that creditors have offered Greece an extension, markets rose slightly on the news. Those hopes, however, were quickly dashed by diplomats.