Five Days to Save Greece From the Abyss Warns Europe

At the Telegraph UK, "'This is the most critical moment in our history' - five days to save Greece from the abyss warn European leaders":

Creditor powers ready plans to deal with humanitarian crisis and a banking collapse in Greece as agreement remains perilously out of reach.

The European Union faces "the most critical" moment in its 64-year history, after leaders warned they had five days to prevent Greece from careering out of the euro and into a full blown humanitarian crisis.

"Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system", said Donald Tusk, head of the European Council, after talks between Greece and its partners ended without agreement on Tuesday night...

More at Euronews, "New deadline for Greek debt deal: Eurozone leaders have given Greece until Thursday to present a comprehensive reform package to the Eurogroup finance ministers."