The impasse over Greece's future lingered as both sides worked on rival proposals for the conditions of a financial lifeline with debt payments looming.

Greek Prime Minister Alexis Tsipras said his government submitted a new plan, while officials from the country's creditors were said to have agreed on what would be a final offer to avoid the country defaulting. While the euro rallied on optimism over a deal, Dutch Finance Minister Jeroen Dijsselbloem, who leads the euro-area finance ministers' group, said institutions are still far from any agreement.

“As long as it doesn't meet economic conditions, we can't come to an agreement,” he told RTL television. “It's not right to think that we can meet halfway.”

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