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Europe reacts to Greek 'no' vote: France says no 'automatic' exit of Greece from eurozone

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Europe reacts to Greek 'no' vote: France says no 'automatic' exit of Greece from eurozone

Post by Admin on Mon Jul 06, 2015 12:26 pm

Reaction has been spilling out across Europe to the Greek 'no' vote in a referendum on proposals from creditors. Many in Greece celebrated the result, which Prime Minister Alex Tsipras called 'a brave choice.' Tsipras has said that the referendum outcome will strengthen his position in negotiations with creditors, other European leaders have warned that it may shut the door on further talks with Athens over a bailout and lead to a Greek exit from the euro currency union. France's finance minister says further talks will reveal which path will be taken.

French Finance Minister, Michel Sapin: "I told you -- and I wasn't the only one to say it -- that the 'No' entailed a considerable risk for Greece. In this risk for Greece, there is the risk for an exit from the euro. But there is no automation, in the same way that the vote doesn't mean that Greece automatically stays in the euro. What will allow us to know if it stays or if it leaves, is the quality of negotiations that will open.".............

Read further at link: uatoday.tv


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