EU members summit cancelled as talks on third Greek bailout continue

A summit of European Union members that was due for Sunday has been cancelled as talks over third Greek bailout continue.

According to BBC, the talks have been adjourned by eurozone members last night and resumed today.

The finance ministers believe that Athens is unlikely to implement austerity measures it has proposed.

They have little time to produce a working plan ready for European leaders, who meet in Brussels later on Sunday.