Several countries 'taking a hard line' against Greece

Eurozone finance ministers remain locked in talks aimed at resolving a serious disagreement about a third Greek bailout.

A summit of all 28 EU leaders has been cancelled due to the deadlock, but the Taoiseach Enda Kenny is attending a meeting of euro zone prime ministers this afternoon.

Irish sources say that Greek talks were near complete collapse last night before it was decided to resume in the morning in order to let tensions settle.

Greece's Finance Minister Euclid Tsakalotos talks to the Finnish Finance Minister Alexander Stubb. Pic: PA

Trust and the credibility of the Greek government is still said to be in major short supply, even though newly appointed Greek finance minister Euclid Tsakalotos has agreed to most reforms.

Several countries - including Finland, Portugal, Spain, Germany, Slovenia and Slovakia - are taking an extra hard line against Greece with some of the opinion that Grexit is best for all, especially the euro.

Slovakian Finance minister Peter Kazimír is particularly pessimistic about the prospects for today and Finnish Finance Minister Alexander Stubb has said the Greek’s offer is "not enough".

The Taoiseach is due to arrive at 4pm local time for a summit of eurozone leaders where any conclusions from the finance ministers will then be assessed.