Greece crisis: Eurozone Summit resumes with compromise proposal

FXStreet (Bali) - Eurozone Summit on Greece has resumed at 4:15 a.m. local time, following bilateral meetings between German Chancellor Angela Merkel, French President Francois Hollande, Greek Prime Minister Alexis Tsipras and Donald Tusk, president of the European Council, with a compromise to present to the other eurozone members.

According to Reuters: "Euro zone leaders at an emergency summit in Brussels were to reconvene in full session early on Monday to discuss a compromise proposal on a third bailout for Greece, a spokesman for summit chairman Donald Tusk said. The meeting was suspended for over four hours during bilateral talks."