Greece has failed to reach a deal over fresh bailout funds.
Officials in Athens were hoping to secure the next installment of its multi-billion dollar bailout but talks reportedly broke down between Greece & Eurozone finance ministers in Brussels.
Without the cash, Greece would default on its next debt repayment due in July.
"There is a gap between what could be done and what some of us had expected should be done", said Eurogroup President Jeroen Dijsselbloem.
This article was written by a staff member of TheStreet.