By Jonathan Davies

German Chancellor Angela Merkel has told European leaders that a deal on Greece's debt must be secured 'before markets open on Monday'.

Her comments come after another day of deadlock in talks between Greek Prime Minister Alexis Tsipras and the country's creditors.

Despite seemingly stressing the immediacy and urgency of a deal, the most powerful woman in the Western world also said that Germany "will not be blackmailed" by Greece.

Eurozone finance ministers also met yesterday (Thursday), hoping to come to an agreement, but talks ended without progress.

Negotiations are expected to resume on Saturday morning.

Greece is due to make a €1.6 billion repayment to the International Monetary Fund (IMF) on Tuesday. The Greek government claims it has no money to make the payments, and will not be able to make it unless a new deal is agreed.