European Commission Pesident Juncker, in very brief comments to the press upon greeting Greek Prime Minister Alexis Tsipiras, said that progress has been made over the past few days, however "we are not there yet".

They had just entered the European Council building in Brussels, where a Heads of State Summit will take place later on today, that will discuss the financial situation in Greece.

He did not commit himself as to whether a deal would be found, stating that he does "not know if they will be able to agree today".

The Greek Prime Minister highlighted the need for a deal to be made. " This is the  time to find a substantial and viable solution that would allow Greece to grow  within the Eurozone based on social justice".

Greece currently owes the Internationally Fund €1.6bn the the International Monetary Fund that are owed on June 30. Greece has paid  €300m of the amount owed, however if it fails to make the rest of the payment, the country risks leaving the Eurozone all together, with a possibility of the country also leaving the EU.