[ATHENS] Greek Prime Minister Alexis Tsipras has made an offer to European Union leaders he described as a "definitive" solution ahead of Monday's emergency summit.

Mr Tsipras briefed German Chancellor Angela Merkel, French President Francois Hollande, EU Commission President Jean-Claude Juncker on the new proposal in phone calls, according to an e- mailed statement from the prime minister's office. Details of the offer were not immediately available.

The proposal was for "for a mutually beneficial agreement, which will give a definitive solution, and not defer the problem," the statement said. Following an ongoing cabinet meeting today in Athens, Mr Tsipras will fly to Brussels for talks with EU leaders.

BLOOMBERG