Greece's debt drama: What you need to know
European leaders have given Greece, and themselves, a Saturday deadline to reach a deal with Athens over loan repayments.
After a week of intense negotiations, the two sides have failed to come up with a mutually acceptable plan that would allow Greece to pay the International Monetary Fund debts worth $1.8 billion by June 30.
Without a deal, Greece may be forced out of the eurozone, an economic and currency collective comprised of 19 nations. It may also, as a result of that exit, lose its membership of the larger, 28-nation European Union political bloc.
"European history is full of disagreements, negotiations and at the end, compromises," Greek Prime Minister Alexis Tsipras said after the talks ended with out an agreement in Brussels on Thursday.
"So, after the comprehensive Greek proposals, I am confident we will reach a compromise," he said.
Analysts, commentators and officials on both sides are less certain a deal can be achieved in time.
As the talks go down to the wire, here are more stories from Paste BN that explain what the crisis is all about: