Summary

  • Greece presents proposals for reform on Thursday in the hope of getting a third bailout

  • Banks are to remain closed until Monday with withdrawals still capped at €60

  • Eurozone finance ministers to meet on Saturday to discuss proposals

  • All times BST (one hour ahead of GMT)

  1. Divine interventionpublished at 10:17

    The most senior of ministers weighs in

  2. Keeping an eye on proceedingspublished at 10.04

    There is concern among opposition parties in Greece that Prime Minister Alexis Tsipras may not be willing to do what it takes to reach a deal with creditors.

    New Democracy leader Evangelos Meimarakis has sent two of the parties senior politicians, former ministers Dora Bakoyannis and Costis Hatzidakis, to Brussels to monitor the talks.

    "In Brussels to strengthen the national effort," Ms Bakoyannis tweets.

  3. 'The old way of living'published at 09:53

    The BBC's Jasmine Coleman is roaming Greece to bring us stories of how people across the country are feeling about the crisis.

    Today she has a report from the wine-making Attica region.

    "We are finding a way to survive in this situation," cafe owner Aris Gkliatis tells her.

    "We are going back to the real values of living - the old way of living."

    You can read her latest piece here.

  4. And the latest deadline is...published at 09:47

    Greece's cabinet has until 22.00 GMT (00.00 local time) to present its proposals, reports the BBC's chief correspondent Gavin Hewitt.  

    Meanwhile Jens Weidmann, head of the German central bank, says capital controls should be kept in place in Greece until a deal is struck.

  5. A possible obstacle?published at 09.39

    Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis arrives for a cabinet meeting at the parliament in Athens May 12, 2015Image source, Reuters

    There seems to be a lot of movement on the Greek side towards a deal.

    But there may be one obstacle within PM Alexis Tsipras's own party, Syriza.

    Panagiotis Lafazanis, the leader of a far-left group within Syriza (and Mr Tspiras' own energy minister) says he may stand in the way.

    "We don't want to add a third bailout of tough austerity which will not give any prospect in the country," he said.

    He is also quoted by Kathimerini newspaper as saying there were "other options" available.

    Watch this space...