Greece has 48 hours to request an extension of its bailout from eurozone finance ministers, or risk leaving the euro.
Yesterday's talks in Brussels ended early and abruptly, after Greece refused to sign off on a statement that committed it to the successful implementation of current bailout for 6 months.
The country's new government has previously said it does not want to draw down the next tranche of its bailout, as the programme is crippling the economy.
Head of the eurogroup of finance ministers, Joreon Dijsselbloem, says the best way forward is to extend the current programme
The Greek Finance Minister says he's confident that a bailout deal can be agreed in the next few days despite talks with his Eurozone counterparts breaking down in Brussels.
Yanis Varoufakis last night rejected an EU offer to extend Greece's current bailout.
He described the package as absurd and unacceptable - but is ready to do what it takes to get a deal.