The impasse over Greece's future lingered as both sides worked onrival proposals for the conditions of a financial lifeline withdebt payments looming.

Greek Prime Minister Alexis Tsipras said his governmentsubmitted a new plan, while officials from the country's creditorswere said to have agreed on what would be a final offer to avoidthe country defaulting. While the euro rallied on optimism over adeal, Dutch Finance Minister Jeroen Dijsselbloem, who leads theeuro-area finance ministers' group, said institutions are still farfrom any agreement.

“As long as it doesn't meet economic conditions, we can't cometo an agreement,” he told RTL television. “It's not right to thinkthat we can meet halfway.”