German FM reacts to Greek plebiscite

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German FM reacts to Greek plebiscite
Secretary Kerry shakes hand with Steinmeier July 2014. Photo: U.S. Department of State

The Greek referendum result has to be accepted, and the ball is now in Athens' court for the next steps, Germany's foreign minister said on Sunday.


"We have now to accept such a result, it is the result of a referendum [in] which the Greek people took part. What conclusions can be made is first and foremost a decision for Greece, therefore the ball is now in Athens' court," Frank-Walter Steinmeier said in Vienna.

Global financial markets have fallen over fears that Greece is heading for an exit from the euro, after voters rejected creditors' demands for more austerity in a referendum.

The European Central Bank is to discuss whether to raise its emergency cash support for Greek banks, which are close to collapse and are running out of money.




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