Angela's Ashes: How Merkel Failed Greece and Europe
The Changing Global Economic Order

The likelihood of a full EU summit this Sunday is growing as Eurozone leaders are still (as of 22:00 local time) discussing Greece at an emergency summit in Brussels.

German weekly Der Spiegel reports that Greece’s Prime Minister Alexis Tsipras has already outlined plans of his country for a new aid program which is yet to be discussed.

Athens might request a short-term funding deal that could be followed by a longer one, according to reports cited by The Guardian.

Sources suggest aid packages might be worked out on Tuesday night and approved as early as Sunday.

Tuesday’s summit will be followed by a Wednesday visit of Tsipras to the European Parliament.

Prior to the Eurozone leaders’ meeting, Tsipras held talks with German Chancellor Angela Merkel, EU Commission President Jean-Claude Juncker, and European Central Bank head Mario Draghi.

Meanwhile the US has also sent a message on Greece, with US President Barack Obama calling on both Merkel and Tsipras, in phone conversations, to provide incentives for Eurozone partners to accept a deal and keep Greece in the single currency area.

Angela's Ashes: How Merkel Failed Greece and Europe
The Changing Global Economic Order
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