Greece Referendum: Merkel Calls Emergency Eurozone Summit

People celebrate in Athens on July 5, 2015 after the results were announced.
People celebrate in Athens on July 5, 2015 after the results were announced.

People celebrate in Athens on July 5, 2015 after the results were announced.

European leaders were scrambling for a response Monday after a resounding “No” from Greek voters in a momentous referendum on austerity which could send the country crashing out of the eurozone. German Chancellor Angela Merkel was to meet with French leader François Hollande in Paris after Greece overwhelmingly rejected international creditors’ tough bailout terms. The pair spoke by telephone late Sunday, declaring the decision must “be respected” and calling for an emergency eurozone summit which European Union President Donald Tusk said would be held on Tuesday. A flurry of meetings will also be held on Monday. European Commission chief Jean-Claude Juncker was to hold a teleconference on Monday morning with European Central Bank chief Mario Draghi, Tusk and Eurogroup head Jeroen Dijsselbloem. Meanwhile, German and French finance ministers were set for talks beginning in Warsaw at 08:00GMT, while the Euro Working Group of top treasury officials will meet in Brussels. European leaders reacted with dismay to the referendum result that saw the ‘No’ camp win with 61.3% against the ‘Yes’ camps’ 38.69%. Tsipras has “torn down the bridges” between Greece and Europe, Merkel’s deputy chancellor German Economy Minister Sigmar Gabriel said.

About The Author

Chukwunonso Azinge is a Public health parasitologist whose variety of intrests ranges from international news reportage, writing articles on current world issues and of course football. Follow me on Twitter @azingelfc and on Facebook- Nonso 'King Kenny' Azinge.

Related posts

%d bloggers like this: