European Commission President Jean-Claude Juncker is in constant communication with German Chancellor Angela Merkel, French President Francois Hollande, Italian Prime Minister Matteo Renzi and European Council Chief Donald Tusk. Sources state that an emergency teleconference is being prepared with participation of all leaders of eurozone member states.

Sources state that EU leaders are waiting to hear the prime minister’s speech before deciding on their next move.

German tabloid Bild reports that there is talk that there may be an urgent European Council meeting on Greece. Bild quotes a European leader, without naming him: “We owe it to Greece and Greeks to react!”