Clock Running Out On Greece And Its Finances

A day ahead of Monday’s crucial emergency eurozone summit, European leaders renewed efforts to reach a deal between Greece and its creditors that would allow the debt-ridden country to avoid a default and a potentially disastrous exit from the euro.

Greek Prime Minister Alexis Tsipras had separate telephone conversations Sunday with French President Hollande, German Chancellor Merkel and European Commission President Juncker. The race is on to prevent the country’s default. Greece is facing a June 30 deadline to make a 1.6 billion euro ($1.8 billion) loan repayment to the International Monetary Fund, which, at present, it would be unable to make.

ABC’s Tom Rivers joined us from London to discuss.