As the midnight deadline for Greece to repay ¬1.6bn fast approaches, last-minute efforts are underway to avert a chain of events that could lead to Grexit.
Greece may only represent a fraction of Europe's economy. But in everything else that can't be easily measured by the IMF or ECB, it represents to much more.
With European stock markets falling and banks closed in Greece, the president of the European Commission warns that "egotism" and "tactics" have hampered efforts to resolve the Greek crisis.
With hundreds of migrants being rescued daily from overloaded boats in the Mediterranean, the EU is struggling to agree on an adequate response to the new arrivals.
If David Cameron demands a lot of time from leaders at this week's EU summit, he risks looking like someone knocking on the door asking for milk when the neighbours' house is on fire.