Athens faces take it or leave it choice – FT

FXStreet (Mumbai) - FT has reported that Greece’s creditors have given a firm deadline – Greek PM Tsipras has to come up with a plan before 11 am GMT.

If the Greek PM fails to come up with a fresh plan, then the proposals put forward by creditors will be presented to EU leaders and Greece will be given a "take it or leave it" choice.

Meanwhile, Bundesbank’s Weidmann has expressed concerns about continued Emergency Liquidity Assistance (ELA) for Greek banks.