France will do everything it can to keep Greece in the eurozone because allowing it to leave would be too risky, Prime Minister Manuel Valls has said.
Ahead of an emergency eurozone summit meeting, he asserted, "The basis for a deal exists", reported the BBC.
Germany has however, warned against any unconditional debt write-off.
The eurozone has urged Greece to submit fresh proposals after its people rejected the terms being offered by the creditors in a referendum.