Greece shows up empty-handed to emergency bailout meeting

Alexis Tsipras
(Image credit: Getty Images)

New Greek Finance Minster Euclid Tsakalotos reportedly showed up to an emergency summit in Brussels to determine Greece's economic fate without any written proposals in hand. While Tsakalotos was urged to offer his reform proposals in written form, three eurozone sources speaking on the condition of anonymity said that he only offered Greece's creditors an oral update on the country's financial situation, The Associated Press reports. Details of what updates Tsakalotos gave in his oral presentation were not available.

Greek Prime Minister Alexis Tsipras will soon arrive at the summit in hopes of working out a bailout deal. On Sunday, Greece soundly rejected austerity measures proposed by European creditors in a bailout plan.

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