European Stability Mechanism

Greek Prime Minister Alexis Tsipras has reportedly said his country is prepared to accept conditions offered by lenders with only a few changes, the FT claims.

The prominent newspaper cites a leaked copy of a letter Tsipras sent "late Tuesday night".

Eurozone leaders are to convene on Monday for an emergency summit to discuss the Greek crisis after eurozone finance ministers meeting in Luxembourg on Thursday failed to make any progress toward breaking an impasse between Greece and its creditors as withdrawals from Greek banks intensified.

By Nikos Chrysoloras

Greek officials and creditor institutions are locked in talks for another weekend as both sides work against a payment deadline to avert default and a euro-region exit.