Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel spoke in a private telephone conversation on Sunday, agreeing to keep in touch until Athens and its lenders reach a debt deal, a Greek government official has confirmed.
A German government spokesman also confirmed the phone call, which was made in hopes of reaching a constructive solution until a deal is settled.
However, both parties denied to comment further on the contents of the phone call.
Stress levels were heightened on Friday as Eurogroup finance ministers held a meeting at the Latvian capital of Riga.
Seeing that no concrete steps had been taken by Greece in terms of fiscal reform, Chairman of the Eurogroup of Finance Ministers, Jeroen Dijsselbloem firmly stated that no further funding will be provided to them unless they present a transparent plan B.
“A comprehensive and detailed list of reforms is needed…a deal is necessary before any disbursement can take place,” said Dijsselbloem.
Debt-burdened Greece is expected to run out of cash within a few weeks unless it provides an economic reform plan.
With no additional financial aid being given, eyes are on Greece as the country is expected to pay its pensioners and employees this week.
Acknowledging the countries difficult state, the International Monetary Fund (IMF) headquarters in Washington stated that "we are doing everything we can to save Greece from itself, but in the end, it's up to them."
According to an official who declined to be named, Athens has begun speeding up negotiations between technical teams from Greece and its creditors.
The so called Brussels Group is expected to hold a teleconference on Monday and a meeting is anticipated to take place on Wednesday.