Hopes that Greece was on the verge of an agreement to release €7.2bn in desperately needed bailout funding were dashed on Wednesday night after Alexis Tsipras, the country’s prime minister, failed to reach a deal after marathon talks with creditors in Brussels. The late-night between Mr Tsipras and the heads of his country’s three bailout monitors — the European Commission, the International Monetary Fund and the European Central Bank — produced “not much progress”, according to a senior eurozone official.