Greece is also expected to remain in the spotlight on Tuesday, with the country's Prime Minister Alexis Tsipras on Monday blaming creditors for the collapse of talks on unlocking aid for reforms at the weekend.
Tsipras told lawmakers of his Syriza party that the lenders want to humiliate the Greek government and the creditors' obsession for a program of cuts cannot be a mistake—it has political ends, Reuters reported. The prime minister also said they will continue to work for a solution but their public mandate is to end austerity, while Greek officials want a deal that ends talk of "Grexit" once and for all.
The impasse has raised concerns that Athens is heading for a debt default that could end with it leaving the euro zone.
A spokesman said Athens has submitted proposals and is waiting for a response from lenders, Reuters said.
The Greek jitters continued to undermine global markets, with Asian shares closing broadly in the red. European stocks recovered to trade flat as investors found buying opportunities, analysts told Reuters.
Euro zone finance ministers are next due to discuss the Greek crisis on Thursday—when Tsipras has a planned visit to Russia.
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"With reports already circulating of plans by EU creditors to impose capital controls in the event Greece rejects a take it or leave it deal set to be put forward on Thursday, it would appear that the clock is ticking ever so closer to midnight," Michael Hewson, chief market analyst at CMC Markets, said in a note.
"Or to take the analogy that little bit further we are now at DEFCON 1 with respect to the seriousness of the current situation, and a potential default."