Greece's Prime Minister Alexis Tsipras has offered new concessions to the country's creditors.
But Germany says a new agreement on a bailout would not be possible until after the referendum this weekend.
Some sources are suggesting that a deal was very close just before the Greeks withdrew for the referendum. But that the creditors wouldn't budge.
Greece has defaulted on its IMF loans.
The ECB hasn't said it will definitely
Anyone else get the feeling that Angela and the EU has had enough of the Greek tradgedy? That they think they can manage the default fallout quite well now. Better than they could have done even two years ago ?
And that the EU has decided to take the hit at this point in time, rather than down the road ? The Rubicon has been crossed? And whatever the Greeks decide to do now, it won't be enough ?