Negotiations in Brussels between Greece and its creditors collapsed after just 45 minutes on Sunday

The focus now shifts to a June 18 meeting in Luxembourg of euro-area finance ministers (Eurogroup)

Via Bloomberg:

  • "While some progress was made, the talks did not succeed as there remains a significant gap," the commission said in a text message. "On this basis, further discussion will now have to take place in the Eurogroup."
  • "The shadow of a Greek exit from the euro zone is becoming increasingly perceptible," German and Vice Chancellor and Economy Minister Sigmar Gabriel wrote in an op-ed to be published in Bild newspaper on Monday. "Greece's game theorists are gambling the future of their country. And Europe's too."