Greece votes ‘No’ and gambles its future Eurozone leaders to hold emergency summit on Greece

Germany, France demand ‘serious’ proposals from Greece after ‘No’ vote

Germany and France on Monday called on Greece to make detailed proposals to revive bailout talks, a day after Greek voters defiantly rejected creditors’ demands for further austerity, plunging Europe into crisis.

The European Central Bank, which has been keeping Greek lenders afloat, meanwhile announced it would maintain its liquidity lifeline to Greek banks, but made it harder for them to access the funds by tightening collateral terms.

Merkel, speaking alongside Hollande, said the conditions for a new Greek rescue package “have not yet been met.” (eubusiness)

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