Ultimately a new agreement on Greek debt was not reached in Brussels last night - it is being reported that Greek finance minister Yanis Varoufakis had accepted a deal - but it was subsequently vetoed by Athens.
The Financial Times' Brussels bureau chief, Peter Spiegel says that this is the agreement that was almost signed:
"The Greek authorities have expressed their commitment to a broader and stronger reform process aimed at durably improving growth prospects. At the same time, the Greek authorities reiterated their unequivocal commitment to the financial obligations to all their creditors.
On this basis, we will now start technical work on the further assessment of Greece’s reform plans. The Greek authorities have agreed to work closely and constructively with the institutions to explore the possibilities for extending and successfully concluding the present programme taking into account the new government’s plans.
If this is successful this will bridge the time for the Greek authorities and the Eurogroup to work on possible new contractual arrangements. We will continue our discussions at our next meeting on Monday 16 February."
This contains obvious concessions to the Greeks - the use of the word "bridge" is significant - Greece's key demand going into the meeting was a 'bridging loan' that would last until the end of the summer and give the two parties time to reach a broader agreement.
While the commitment to the "present programme" is likely to have been the line that Athens objected to.
After being tagged in Peter Spiegel's original tweet with the leaked statement, Yanis Varoufakis warned that the reports may be premature.
@SpiegelPeter @ftbrussels Might I suggest that you refrain from dubious claims based on even more dubious leaks? It's rather unseemly
— Yanis Varoufakis (@yanisvaroufakis) February 12, 2015
Euro zone financial ministers will meet again on Monday.
Newstalk's Shona Murray is in Brussels - she discussed the meeting with Newstalk Breakfast and has more details about the failed agreement its implications:
