Greek Foreign Minister Nikos Kotzias on Monday ruled out his country's exit from the EU and called for calm after Greek voters rejected bailout terms of international creditors.
"Europe without Greece? It's a joke," the visiting foreign minister told Israel's private Channel 2 television.
Full StoryThe White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.
"The referendum is over, but our view here at the White House remains the same," said spokesman Josh Earnest.
Full StoryGreek banks will remain closed on Tuesday and Wednesday with limits on daily withdrawals unchanged, officials said on Monday as the European Central Bank maintained its liquidity assistance to the nation's beleaguered lenders.
"Until Wednesday evening we continue as things stand today," said Louka Katseli, chairwoman of the National Bank of Greece.
Full StoryThe five-month tenure of Greece's pugnacious former finance minister Yanis Varoufakis, who notably accused the country's creditors of "terrorism", was marked by his outspokenness and refusal to submit to convention.
Stepping down on Monday, a day after the 'No' referendum, the flamboyant Varoufakis launched a parting shot saying: "Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my 'absence' from its meetings...I shall wear the creditors’ loathing with pride."
Full StoryVote 'Yes' or leave the euro: European leaders talked tough ahead of Greece's momentous referendum, but that threat could seriously complicate a return to the negotiating table after Greeks said an emphatic 'No' to more austerity.
Ahead of Sunday's referendum European politicians had queued up to take an uncompromising line, warning that a 'No' vote could bring dire consequences.
Full StoryThe German banking federation said Monday it sees little danger of contagion for the wider euro area from the Greek crisis after Greece voted against the austerity measures demanded by its creditors.
"Regardless of the outcome of the referendum, we do not expect an increased risk of contagion for other euro countries," the head of the BdB federation, Michael Kemmer, said in a statement.
Full StoryBeijing on Monday named a former vice minister of finance as its preferred candidate to head the China-led Asian Infrastructure Investment Bank (AIIB), a potential rival to the Washington-based World Bank.
"The Chinese government has officially nominated Jin Liqun to be China's candidate for the presidency of the AIIB," the finance ministry said in a statement.
Full StoryEuropean stock markets slid at the start of trading on Monday after eurozone member Greece rejected creditors' austerity demands in a weekend referendum.
Frankfurt's DAX 30 shed 2.11 percent to 10,825.06 points and the CAC 40 in Paris fell 2.06 percent to 4,709.01 points. Outside the eurozone, the FTSE 100 index lost 1.07 percent to stand at 6,515.67 compared with Friday's close.
Full StoryFrench President Francois Hollande and German Chancellor Angela Merkel said Monday the door was open for a return to debt negotiations with Greece, but called on Athens to make "serious" proposals.
"The door is open to discussions and it is now up to the government of Alexis Tsipras to make serious, credible proposals so that this willingness to stay in the eurozone can translate into a lasting program," Hollande said.
Full StoryGreek Prime Minister Alexis Tspiras has "torn down the bridges" between Greece and Europe and new negotiations are "difficult to imagine" after the apparent 'No' vote in the Greek referendum, German deputy chancellor Sigmar Gabriel said on Sunday.
Tsipras and his government are taking Greece down a path of "bitter renunciation and hopelessness," Gabriel told the Tagesspiegel newspaper in the first high-level reaction from the German government.
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