German FM reacts to Greek plebiscite

The Local
The Local - [email protected] • 5 Jul, 2015 Updated Sun 5 Jul 2015 22:58 CEST
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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.





The Local 2015/07/05 22:58

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