Brussels

European Council President Donald Tusk noted on Thursday the lack of consensus between the EU member states on the proposed introduction of mandatory quotas for migrants.

Tusk announced this ahead of the European Council summit, which is taking place on Thursday and Friday in Brussels.

After yet another inconclusive Eurogroup in Brussels Thursday, finance ministers agreed that more talks were required to bridge enduring gaps between Greece and its creditors with another Eurogroup to be held over the weekend, most likely on Saturday.

The IMF announced on Thursday that it would not extend a June 30 date for cash-strapped Greece to repay it 1.7 bln dollars, with a spokesman also saying the country would be in arrears to the Fund.

By Andrew Mayeda

The International Monetary Fund said it still expects Greece to repay $1.7 billion due Tuesday, as the lender and other creditors struggled to reach a last-minute accord with the nation to keep it from running out of cash.

The Prime Minister of the UK David Cameron assured that Bulgaria could rely on British support for initiatives aimed at consolidating the energy security of the countries from Southeastern Europe.

Cameron announced this during his meeting with Bulgarian Prime Minister Boyko Borisov in Brussels on Thursday ahead of the forthcoming European Council summit.

Greek Prime Minister Alexis Tsipras said Thursday he was confident of reaching a compromise with his country's EU-IMF creditors despite a deadlock in talks to reach a debt deal.

While the Brussels negotiations are well underway, the European Council president Donald Tusk, publicly announced his belief on reaching a deal. Wanting to emphasize his message, Tusk wrote the following:

By Alessandro Speciale

Bundesbank President Jens Weidmann said the provision of Emergency Liquidity Assistance by the European Central Bank for Greek lenders raises ?serious? concerns about monetary financing, which is prohibited under European Union rules.

EU President Donald Tusk said Thursday he felt that talks to reach a deal on Greece's debt crisis with its creditors would end soon with a positive outcome.

"Work is underway and it can still take many hours. But I have a hunch that unlike in Sophocles' tragedies, this story will have a happy end," Tusk said as he arrived for a two-day EU leaders summit in Brussels.

The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the prospect that Greece might be on its way out soon.