French President Francois Hollande will meet German Chancellor Angela Merkel in Paris on Monday night to discuss the outcome of the Greek referendum, the French presidency said.
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Hollande also has a tough balancing act at home.
In Asia, the euro was trading early Monday at $1.1044, down from its Friday close of $1.1114.
Sapin called on the European Central Bank not to cut current liquidity to the Greek banking system and reaffirmed that talks on Greek debt relief should be “no taboo”.
He said Germany will wait for new proposals that the Greek Prime Minister Alexis Tsipras will bring to a meeting of eurozone leaders in Brussels on Tuesday.
The leaders of Europe’s two biggest economies will help shape the euro-area response to one of the greatest challenges to face the common currency region after projections showed Greeks had said “No’ to the conditions set by creditors for aid”.
Greece and its creditors are expected to try to restart negotiations on a financial rescue package for the country, but it is unclear what scope there is for compromise.
Seibert played down the impact of the resignation of Greek finance minister Yanis Varoufakis, whose fiery declarations have alienated the Germans and many of their euro partners in recent months. The scene was festive, with cheering and smiling Greeks shouting “Oxi” (No) and hugging each other. It appreciated 1.5 percent in June, with strategists citing money managers canceling euro hedges as they sold stocks and bonds.
He said he believed the result would secure “a better future for me and my children”.
He is not accountable to voters but nevertheless is in “an extremely hard situation”, Tokarski said.
Even ´Yes´ voters were ambivalent about their camp´s apparent defeat.
Belgium’s finance minister said the “no” vote will complicate matters.
The measure, implemented after his announcement a week ago that he had suspended bailout talks to hold the referendum, has limited ATM card holders to daily withdrawals of just 60 euros ($67) a day.
“Greece is a member of the euro”.
Through its emergency funding, the ECB is keeping Greek banks afloat.
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The “unequivocal” referendum result “carries consequences not only for Greece, but also for the people in creditor countries and for the whole European project”, Maltese Prime Minister Joseph Muscat said in a statement. Tsipras put forward a plan on the eve of Sunday’s referendum for a 30-percent reduction in Greece’s debt.
