As Greek Prime Minister Alexis Tsipras embarks on a last-ditch effort to agree on a reform deal with creditors, a rebellion is mounting at home among his own Syriza party and the opposition.
Tsipras is in Brussels on Thursday to continue emergency talks with Greece's lenders after they rejected new reform proposals from his country earlier this week. Greece desperately needs further financial aid to avoid defaulting on its debt at the end of the month, but its creditors want an agreement on reforms before they release any more funds.
Greece and the Eurogroup of euro zone finance ministers failed to find a solution that could unlock desperately needed funds at a meeting in Brussels Thursday ahead of a summit of European leaders. A further Eurogroup meeting is set to be organised for Saturday.
After the Greek delegation failed to produce a new set of proposals for the Eurogroup meeting, the country's creditors—the International Monetary Fund, the other euro zone countries and the European Central Bank—presented their own set of reform plans.
Also on Thursday, news wires reported that the ECB had maintained its limit on emergency liquidity available to Greece's banks.
Even if a deal can be found, the prime minister faces a challenge getting it through the Greek parliament.