The euro edged higher against the U.S. dollar, yen and Swiss franc on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts.
Euro zone finance ministers left a meeting with Greek officials in Brussels voicing optimism at Greece's offer, with talk of more work ahead to achieve a potential deal this week.
Greece will default if it does not repay a €1.6bn (£1.1bn) IMF loan by the end of the month.
If that happens, it risks crashing out of the single currency and possibly the EU.
Eurozone leaders are currently discussing Greece's proposals at an emergency summit in Brussels
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