It follows a meeting of Eurozone finance ministers and leaders in Brussels yesterday which ended without any conclusions because the Greek government did not bring any new proposals for debt negotiations, as planned.
Leaders have given the Greek government until tomorrow to hand over new proposals or risk definite withdrawal from the Euro currency.
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The Taoiseach Enda Kenny last night said the situation was discussed in a very frank manner.
Angela Merkel has admitted time is running out to reach a new bail out agreement with Greece.
But the German chancellor says talks will go on.