ro zone. prime minister is offering up a new proposal to an urge emergency summit today. iran says it and the u.n. have taken a major step toward resolving the remaining issues on a deal on the nuclear program. this is a new deadline on the talks are hours away. and the u.k. marks the 10th anniversary of the london bombing that left 52 dead and over 700 injured.

also coming up, the pope says hundreds of thousands of believers, with two services in a row. and the running of the bulls in spain gets underway. but first, our top stories. the greek prime minister is set to present a new reform plan to euro zone leaders, just days after the greek people voted note to reject the terms of the last and now expired a lot from its international creditors. european leaders say they hope to hear some new proposals today, although obstacles

remain. what is the latest from brussels? >> two very important meetings taking place today. the prime the finance ministers will be talking through the economic side. based on the no referendum he will be listening to his greek colleagues to listen to what proposals he will put on the table. nervous in athens today, saying that the country is in a very difficult situation. according to the german newspaper, he does have a new plan up his sleeve. it is very similar to the one that was ejected by the greek people. it has been hailed by the greek authorities as the younger plan. he spoke about the greek referendum this morning in the

european parliament for the first time since the referendum. he says that if there was a solution tonight it would be too simplistic as he does not like simplistic solution. he says europe is all about compromise, and that compromises take time. it expressed his frustration with the fact that referendum was held on a deal that was not actually completed. the greeks lost the deal when it was not completed, and he says that was an error. he said there will not need a deal tonight, but he definitely rues an exit. >> kate has more now on the top issues expected to be tackled at that last-ditch meeting today. >> bolstered by a resounding win in sunday's referendum, he goes back with a fresh spring in his.

sticking points remain unchanged. the international creditors want athens to overall its pension system worth 17.5% of gdp. he may be willing to raise the retirement age to 67 and phase out a program for the poorest pensioners, but he makes argue for a slower time frame than the eu has laid out. it is one of the most politically sensitive issues for his government. just half of great pensioners are under the poverty line. euro officials want the government to collect more revenue by increasing taxes on most services and commodities. he has reduced to -- resisted and says he wants to keep a 3% for the greek island. restructuring over how much

money they oh and when they have to pay. the ims says some debt relief will be crucial, but not until reforms are implemented. if hee gets a restructuring deal, it may make it more willing to compromise and other areas while riding the wave of his post referendum success. >> a lot of these issues were being discussed by some of the ministers going to the meeting today. >> the head of the eurogroup made his comments, but we have been hearing from the german five minutes minister in that report. -- restructuring is one of the big controversial issues. it is affected to be one of the things that greece is asking for. debt relief is not possible under eu treaties, and cannot be on the table for the moment you

to someone who is in germany's camp on that front is slovakia. greece is behind the curve on this issue, and for his country debt relief is a red light issue. they are not willing to discuss at the moment, and do not consider it an option. a viable deal will be only possible at the highest political levels, suggesting that this meeting will not see a resolution, but the european leaders later today may see more progress. >> how close are we to a great exit? >> in terms of repayment of debt, the next one to watch is the european central bank on july 25. there is a whole series of consequences if greece misses that. but before that there another problem which also releases to greece's banks. they are simply running out of

money. we were told on sunday they had 500 million euros left in reserve and with an average daily withdrawal of 300 million euros, that does not leave them much time. they met on monday to discuss the support for the greek banks. they turned the screw ever so slightly on the lenders and they made the conditions tougher for loans. they are looking for more collateral. we're told that greek banks are able to cope with these new and stricter conditions, but any further change could push them into a situation where they will not be able to meet those conditions and they will have to repay those loans. a shortage of cash is a real problem that greek eggs. those daily withdrawals, we do not know exactly how much money those banks have left and how long they will be able to supply those demands for 60 euros a day even at that limit. that is running very close to running out of time.

>> we have not seen panic on the market over all of this of people. why is that? >> a whole range of regions. on the currency markets, we have not seen and moved dramatically in trading over the past 10 days of this dramatic crisis. we have just seen the euro to under $1.10 for the worst time since -- for the first time since monday morning. it is not a huge variation. on the stock markets we did see some dip earlier in the week, but we're recovering during the day. this is due to a whole lot of factors that feed into how markets view this. the euro zone is a very different place than it was in 2010. there are the bailout funds, 500 billion euros in funds that they can protect other countries if there is any knock on effect. there is a banking union in place.

banks are now supervised and may pose less of a risk to things like a greek default if that were to happen. there is a system to wind up failing banks, which was not there before. all of this feeds into the prospect, the policy makers really pulled do whatever it takes to save the euro. that is what we just said a few minutes ago, going into this eurogroup meeting. it is also what the head of the european central bank has said. we will do whatever we have to to get out of this crisis. that is why we are not seeing any panic, but does not mean it will not come if there is a turn of events. >> for more on the negotiations today i enjoyed my the -- by i am joined by a parliament

representative. >> since yesterday morning immediately after the referendum with the resignation of the finance minister. the creditors were using him as a protector for not finding the solution and going on with the negotiations. there was another meeting when they called on the leaders of the political opposition to have a common declaration and agreement to go together. today, of course, during the eurogroup and later in the summit there will be proposals as they were made 15 days ago. they have been rejected by some

institutions. but i think this time, it is a common desire to find a common solution. >> i know there is a common desire. is there any plan, they will have to comply with the demands of the creditors are. a plan that they rejected, why would the accept a similar one now? >> what happened is that the greece posts with deal that was given the same financial results as the one that we are asking the creditors. in the beginning they said to president francois hollande, it is a good agreement, but the next day they change their minds and the proposed a program that was not

viable, almost unrealistic. 100% taxation for the next year. not only for the current fiscal year, but also the next year. no company in greece can afford such a measure. we can find a common ground between those two propositions. we have the same financial results, so it is not a problem. we can find the solution. that is if they do not reprice us with retaliation for the vote on sunday. but should not be the case because we need to respect democracy nowadays in europe. >> it sounds as if we are centimeters away, the same thing we saw last time around. but if there is no land, is greece ready to a lot of euro -- plan, is greece ready to pull

out of the euro? >> nobody is ready to pull out of the euro. it will be bad for greece and for the euro as an idea. they expressed their desire to stay, but not to implement something that had catastrophic results in greek society. after seven years of recession coming to do not need more austerity to make the economy were. need growth, less austerity. make the economy work again, to restart the economy. that is what we need. that is what we are asking now. it is a very logical plan. we are ready, for our part, to

accept all possibilities to implement the program to make reforms that will help what has happened over the last five decades. we cannot do in five months with the others did not do in five decades. the last five months we have been under very heavy pressure negotiating all the time. ultimatums. i do not want to go back into the past. it will benefit both sides, i believe, i'm sure of that. >> thank you for taking the time to speak to us. now to other negotiations but this time on a nuclear deal for ron. the new deadline tonight looks to be missed again. they are trying to find an end to a 13 year standoff. talks with late into the night

last night in what is turning into a high-stakes game of poker. >> the latest deadline is fast approaching, but as discussion continued into the evening, a breakthrough was looking less and less likely. the timeframe for negotiations would probably need to be extended. as it stands the deal require iran to significantly reduce its uranium centrifuges and stockpiles and removal -- in return for removal of sanctions that have immediately damaged the economy in recent years. but there are sticking points. around want that to happen immediately, and other key players propose easing up gradually. and then there's the question of access to iranian military sites.

any deal would aim to end a 13 year standoff over iran's nuclear program. if an agreement does materialize, the u.s. president must submit the deal to congress by july 9 in order to get a 13 day review. any later, and the republican-led house would have 60 days to review it, providing more time for the deal to unravel. >> this july 7 march the 10th anniversary of the london attacks. 52 people died and 700 were hurt when homegrown attackers detonated explosive devices on public transport across the british capital. ceremonies marking the occasion are made even more sold after they come just a few days after an attack on british tourist in tunisia. what more can you tell us? >> it was the worst single

terrorist atrocity on british soil. 52 people killed, 700 or more injured, with life-changing injuries. today the prime minister, at exactly the same time as the first suicide bomber detonated his ball on the british london transport network went to hyde park where there is a memorial and where there are 52 steel pillars in honor of 52 people who died. we want to point out that they were not just all british. there were 10 different nationalities. london is a multicultural multi- ethnic, very diversity. various memorials going on today. the prime minister putting a wreath in hyde park at that

time. there was a service at the national cathedral. you also have emergency services who are very courageous and works very many hours on that day to save many lives. later today there will be prince william, and the queen, and he will go to hyde park and he will meet the families of the bereaved and survivors. very different homages being paid but all of this, 30 britons have just lost their lives, and the terror threat is ever present in our mind, not just our memories, particularly with the rise of islamic fundamentalism. and the real threat that is stretching our intelligence services of the islamic state

organization. >> thank you. pope francis is set to celebrate his second open-air mass in as many days in ecuador. today's mass will be held in the capital that has been rocked by antigovernment protests. hundreds of thousands of people are expected to turn out there as they did on monday. >> ec of people under the scorching ecuadorian son, for mass with the pope. 600,000 catholics from across south america turned out for his first visit to ecuador in 30 years. many had come out overnight to secure their spot. the leaders of the catholic church used to the -- use the occasion to make an impassioned plea. >> families are the first to

school for children. it is an essential reference group for the young, and the best haven for the elderly. families are the great social wealth that other institutions cannot replace. >> crowds lined the streets as the pope mobile travel through the port city to the airport. there the pontiff was flown back to the capital where he met with the president at the presidential palace. later he visited the city's cathedral, playing flowers at the feet of the virgin mary, and once again he took the time to address the waiting crowd, much to their delight. >> we are going through a difficult time right now, there are lots of division, he has come to bless us and give us peace. >> the pope's trip has been described as a homecoming to

ur. he is also set to take in bolivia and paraguay in the coming days. >> the infamous running of the bulls has kicked off in spain. the festival in pamplona was immortalized in the earliest hemingway nine -- ernest hemingway novel the sun also rises. the highlight is a daily race of courage of hundreds against a pack of six massive fighting bulls charging through the nero streets. they are finally killed and able fight. you are watching france 24. it is time for our press review. we will take a look at what has been grabbing headlines around the world today. >> lots of focus on the greek debt crisis. papers are still reeling from sunday's referendum. let's start with a cartoon in

the center-right paper where you can see very triumphant prime minister on top of the no vote . it looks like the whole thing could come crashing down. all eyes are on the meetings that will take place tonight. the future of greece will be determined tonight. that summit tonight will decide a grexit. other papers talking about how time has run out. the ball is actually in the creditors court today. >> the former greek finance minister, the very flamboyant man who resigned had very defined words -- defiant words

for the creditors. >> exactly. a lot of papers are focusing on his five-month run as prime minister. they call him a provocateur who changed the economic orthodoxy in europe. other papers or less glowing, if we look at the independent paper they say he was definitely flamboyant and had a one-of-a-kind file that greece and europe are likely to see anytime soon. but fame went to his head. they are talking about an economic narcissist. the german magazine is even harsher with respect to the former finance minister. he was a rock star politician, but the fact that he rode off into the sunset with his wife, it was a final act of

self-preservation, and he is leaving the world and the euro in his rearview mirror. >> angela merkel is in the spotlight today. >> the editorial of the guardian says she really has the biggest share of responsibility for what happens. she must rise to the occasion in this hour of need. she is the strongest of european leaders, and yet skepticism is starting to grow in germany and in europe over her leadership qualities. it seems that she is having a hard time handling c them effectively. you can see her as achilles, and she is trying to defend europe but there is an arrow that has

gone into her heel, and that is the greek referendum. a very famous french economist has given an interview to a german paper, where he really lashes out against germany and the german chancellor. he says they're being hypocritical about the way they are treating greece. germans are only in the strong economic position they are today because they have been given that forgiveness from the neighbors in the wake of world war ii is what he said. >> moving from greece, many papers in the u.k. are focusing on the 10th anniversary of the most deadly terrorist attack ever to be carried out on british soil. >> and very moving tribute on the front page of the times today. you can see a woman who actually lost both her legs in the attack at the king's cross station. she is hiding the police officer who pulled her out of the train. -- hugging the police officer who pulled out her out of the

train. basically, this article says the london bombings a shocked all of us, but a decade on our community has been unfairly demonized.

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walter: there are nearly 20 million veterans in the united states and millions more around the world. this week on "full frame," conversations with veterans and their advocates who are using lessons learned on the battlefield to overcome the challenges of civilian life and inspire people worldwide. i'm mike walter in los angeles. let's take it "full frame."