Tsipras has until 9am gmt (11am Brussels time) to come up with a plan

FT's Peter Spiegel reports that creditors have given a firm deadline

Well, we know how they've worked out previously

If Tsipras does not present a workable compromise plan then the proposals put forward by creditors will be presented to EU leaders and Athens will be given a "take it or leave it" choice

We've got a deadline folks from unnamed senior Eurozone officials, but there's been no official confirmation yet

Update: Bit of confusion on what timezone it's 9am gmt, 11 am Brussels, so about 5 minutes

Reuters are now reporting the same news and add that if the deadline passes the creditors plans will go to EU leaders at 13.00 CET which is 14.00 Brussels and 12.00 gmt