DHAKA: Eurozone leaders have talked through the night in Brussels in a bid to agree terms for a new bailout for Greece.

Reports say a draft compromise has been put to the emergency summit but no details have emerged so far.

Without a new bailout, Greece's banks face collapse and the country could exit the euro, reports BBC.

Greece is being told to pass legislation on a series of reforms by Wednesday before any talks on another bailout can begin.

But the BBC's Chris Morris in Brussels says there is still no agreement on exactly what Greece has to do.

Earlier, eurozone finance ministers submitted a list of measures to the leaders following two days of fraught discussions.

But one Greek government official called the proposals "very bad". Another said some of the proposals appeared designed to "humiliate" Greek Prime Minister Alexis Tsipras and his left-wing Syriza government.

The summit was paused for several hours overnight to allow talks between Mr Tsipras, German Chancellor Angela Merkel, French President Francois Hollande and European Council President Donald Tusk.

BDST: 1108 HRS, JULY 13, 2015
RS