EU leaders failed to strike Greek bailout deal

Eurozone finance ministers failed to approve the next 33 billion euros of bailout funds needed by Greece to avoid bankruptcy. After almost 12 hours of discussions, the Eurogroup said they are heading into their second confrontation this week. Greece's reforms and fiscal consolidation were thrown off the course by two subsequent parliamentary elections and a deep depression, even despite the fact that in February the country got a second financing programme from international lenders.

"Greece did what it had to do, and what it had pledged to do... whatever technical difficulties in finding a technical solution do not justify any negligence or delay," Greek Prime Minister Antonis Samaras said.