The Greek government has walked out of talks in Brussels - raising the likelihood that the country will have to leave the Euro.

It's been confirmed that Greece has asked for a one-month extension to its existing bailout deal, which is due to expire on Tuesday.

But that proposal has been rejected by the other countries - who are now beginning another meeting, without Greece, to discuss the potential fallout from any Greek withdrawal from the euro.

Greece is meanwhile pressing ahead with plans for a referendum on the subject next weekend - but Eurogroup president Jeroen Dijsselbloem says Greece's bailout will now expire five days before that:

Meanwhile, the Greek Finance Minister says the decision damages the credibility of the Eurogroup.

Yanis Varofakis says it's highly likely that Greek citizens will vote in favour of the proposed bailout extension deal in a referendum next week - despite their recommendation against it.

He says the document as proposed did not contain any hope for overcoming the crisis, and that the refusal of an extension is a dangerous and anti-democratic move: