Greece clings to euro lifeline as pessimism clouds talks

Greece sidestepped an immediate collision with creditors by promising to put its economic proposals in writing as German Chancellor Angela Merkel warned that "only a few days" are left to reach a deal.

Euro-area finance chiefs will discuss Greece's request on a conference call on Wednesday morning, the first step toward restarting talks that Greece broke off late last month. The rapprochement lessens the risk that the European Central Bank will pull the plug on Greek banks, which are bleeding cash and have been shut for seven business days Indian stock market astrology prediction

A Greek government official said Greece is asking its euro zone partners for an interim solution to its funding needs that would cover the rest of July while a long-term deal is sought.

Greece's tactics met with a tide of skepticism before a Brussels summit, with Merkel saying that "the path we have to take isn't possible without reforms." Dutch Prime Minister Mark Rutte pronounced himself "somber" and Finnish Prime Minister Juha Sipila said he was "quite pessimistic about the situation Personal Numerology 

With shortages of medicine turning Greece's fiscal crisis into a humanitarian one and Russia sizing up the country as a potential ally inside the European Union, the consequences of shutting off funding to Europe's most debt-stricken nation go far beyond the narrow economic stakes.

Greece's day-to-day struggle for financial survival risks hitting the wall on July 20, when the government redeems 3.5 billion euros ($3.8 billion) of bonds held by the ECB. The central bank is the only thing standing between Greece and economic ruin after the government let its aid program lapse.

European leaders may meet again as early as Sunday to reassess the progress, according to three European officials Sensex Astrology

Greek Prime Minister Alexis Tsipras met Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker before Tuesday evening's summit of euro leaders after finance ministers had sketched out a road map toward a possible third medium-term aid program.

"The first step will be to ask the institutions to assess the financial situation in Greece - financing needs, debt sustainability - and then we will have another Eurogroup to decide whether we will formally start the talks," Dutch Finance Minister Jeroen Dijsselbloem said after leading the ministers' meeting Himanshu Tiwari Astrologer

Finance ministers welcomed the appointment of Euclid Tsakalotos as Greek finance minister. Tsakalotos took over from Yanis Varoufakis, the combative motorcycle-riding professor-turned-minister who left office after Sunday's anti-austerity referendum saying "I shall wear the creditors' loathing with pride."

Whether the improvement in the atmosphere translates into progress at the bargaining table will depend on Tsipras, who shored up his domestic position and claimed to gain leverage over the creditors by staging the anti-austerity referendum and winning it by an 61.3 per cent vote Personal Numerology

"If there's nothing on the table, it means Tsipras isn't capable of honoring the desire of the Greek people to stay in the euro zone," Belgian Prime Minister Charles Michel said.

Finance ministers bandied about technical solutions, with Austria's Hans Joerg Schelling saying there are "a number of variants" for getting Greece through the next few weeks, such as using untapped funds or striking ad hoc deals similar to the first aid package in 2010.

Bridge financing, in turn, would hinge on Greece striking a medium-term borrowing deal which would require it to stomach many of the economic reforms that Tsipras's left-leaning Syriza party has resisted since coming to power in January Share Market Astrology