You might have missed it, but last night the Greek government carried out a stunning U-turn in a bid to seal a rescue deal and avoid crashing out of the single currency.

Here's what you need to know about what happens now:

Today: Eurogroup finance ministers meet in Brussels at 3pm UK time. Assessments of the Greek proposals by the European Commission, IMF and European Central Bank will be presented.

If they are given the thumbs down, EU leaders will gather on Sunday to plan for Greece's exit from the single currency.

Sunday: The leaders' summit begins at 3pm. If it goes well, the planned summit for all 28 EU members, scheduled for 5pm, may be cancelled.

Monday: If there is no deal, the ECB could turn off emergency funding for Greece's banks.

20 July: Greece is due to repay €3.5bn (£2.5bn) to the ECB. If this is missed, it will be politically impossible for the bank to continue aiding Greek banks. They would become insolvent.

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