The first of two crisis meetings on the future of the Greek economy is getting underway in Brussels - but there's little prospect of a deal to avoid a Greek default.

Ministers believe there is little prospect of a deal being agreed today, due to confusion after the Greek government sent around the WRONG proposals.

Michael Noonan is among the ministers who say the confusion will scupper any chance of a deal today.

The finance ministers of the 19 Eurozone countries had hoped to reach a preliminary agreement to stop a Greek default, which could then be signed off by prime ministers afterwards.

And although a draft set of proposals from Athens were warmly received last night, there now seems to be little prospect of a deal because of the late substitution of those plans with new ones.

A new version was sent around this morning, but it came at such short notice before the meeting that ministers complained they wouldn't have long enough to prepare a deal for the prime ministers to rubberstamp. 

Our political correspondent Gavan Reilly filed this report for Today FM's National Lunchtime News: