Greek Prime minister's reaching out for a deal before Sunday's referendum are hardly finding any allies among European partners.

Euro group finance ministers have swiftly rejected calls for bailout extension last night.

German finance minister Wolfgag Schäuble, has shrugged of Greece's attempt to continue negotiation over the week. According to him there are no basis for further negotiation.

German Chancellor Angela Merkel, rejected Greece's call for negotiation until the referendum gets done with.

In this hour of darkness, Greek Prime Minister Alexis Tsipras, has found anally among European leaders.

French president Francis Hollande has called for parties to get a deal done before the referendum.

However as of now it seems very unlikely that a deal will get sealed before Sunday which might result in calling off the referendum.

Instead a third bailout package could be agreed upon, which would be put on vote on Sunday. That will definitely be a better proposition.

Euro is currently trading at 1.108 against dollar.