Negotiations between Greece and its creditors have ended in Brussels without new reform plans being agreed - it is now likely that talks will not restart until next week - days before the country is due to pay €465m to the IMF on April 9th.
Reports from Belgium suggest that the talks have not broken down - but they have progressed at a slow pace.
Speaking in Madrid today, European Council president, Donald Tusk has said that it is unlikely that a deal will be tabled during the remainder of this week, he says: "I don’t foresee any breakthrough before Easter."
#Tusk @eucopresident in #Spain: Press conference extract on the reform programme of #Greece http://t.co/PhSM5f8EVr pic.twitter.com/PoV6aQXapC
— EU Council TV News (@EUCouncilTVNews) March 31, 2015
He adds that he thinks that it could be the end of April before a deal is reached.
Helena Smith of the Guardian has spoke with a 'well-placed' Greek official who has told her that today's talks were constructive:
"The sessions took place in a very good climate with a mutual desire for an agreement to succeed. Greek representatives had the opportunity to present the list of reforms that the Greek government had prepared at length."
Greek sources say that its technical team clarified a number of issues with its creditors - and that both sides have agreed that "the process of fact-finding currently underway in Athens should be intensified."