Eurozone leaders gather for high-stakes Sunday as Greece schism beckons

Pressure building on Merkel and Hollande as currency bloc's leaders enter last-chance summit amid cancellation of wider EU talks

Greece debt crisis: EU leaders' meeting cancelled with no deal in sight - live

Europe braced itself for its most fateful day in years on Sunday as presidents, prime ministers, and chancellors congregated in Brussels for a summit to decide whether Greece remains in the euro single currency.

Donald Tusk, the president of the European Council, cancelled an emergency full summit of the 28 countries that was to deal with the fallout from Greece's ejection, in order to give eurozone leaders a last chance to reach an accord saving Greece and forestalling what would be a devastating schism sowing deep resentment and division between Europe's leaders.