Greece told to accept debt deal or 'head towards default'

European Council President Donald Tusk told Greece to accept a debt deal with its international creditors or face defaulting.
An emergency summit will be held on on Monday to address Athens' future in the eurozone.

IMF breaks off negotiations with Greece over debt deal. Bundesbank president warns over rising insolvency risk

The International Monetary Fund has dramatically raised the stakes in Greece's stalled debt talks, announcing that its delegation had broken off negotiations in Brussels and flown home because of major differences with Athens.

EU Refutes Reports on Preparing For Greek Default, Eurozone Exit

The  is not preparing for a default by Greece or its potential exit from the eurozone, a spokesman of the European Commission told reporters on Tuesday.