Last minute reform plan may end standoff before June 30 deadline

Greece and its creditors were working to seal a bailout deal on Tuesday with exactly one week to go before Athens is due to repay the International Monetary Fund 1.5 billion euros ($1.7 billion) or face default and a possible exit from the European Union.

After an emergency summit in Brussels, the two sides ordered their finance ministers to hold fresh talks on Wednesday to thrash out the details ahead of a full meeting of all 28 EU leaders on Thursday.