Eurozone summit possible on Sunday to back plan for Greece

Euro zone leaders could hold a further emergency summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied with a Greek loan application and reform plan, two senior EU sources said.

The leaders were meeting on Tuesday evening in Brussels.

Greece is expected to submit within hours a formal request for a medium-term assistance programme from the European Stability Mechanism rescue fund and euro zone finance ministers have said they will hold a conference call in Wednesday morning to consider that request.

In parallel, the sources said Prime Minister Alexis Tsipras was expected to put forward a reform plan to make Greek public finances sustainable that would entail prior actions to be put into law in Greece before the next emergency summit.

source:Reuters