With less than two days to go before a critical referendum on proposals by Greece’s creditors, top European officials made it clear that the outlook for the government is grim, particularly if the “no” vote prevails.
Greece's chief negotiator in aid talks with international creditors, Euclid Tsakalotos, is the government's top candidate to become finance minister following the resignation on Monday of Yanis Varoufakis, a senior government official said.
China believes Greece will stay within the eurozone and the region can resolve its current problems, the Foreign Ministry said on Monday, after Greeks voted resoundingly to reject the austerity terms of a bailout.
France and Germany called for an emergency summit of euro zone leaders to discuss Greece's stunning referendum vote on Sunday to reject bailout terms, as calls mounted in Berlin to cut Athens loose from Europe's common currency.
World markets may tremble at Sunday's decision by Greek voters to reject conditions of a rescue deal from creditors, but the leader of Argentina, which suffered a similar crisis more than a decade ago, boldly welcomed the referendum result.
China is confident that Greece's economy will turn around with the hard work of all parties, a deputy foreign minister said on Monday, but would not say if the Greek prime minister could attend an emerging powers summit later in the week in Russia.
Greece's 'No vote in its bailout referendum is "very regrettable" and the economy faces tough measures to recover, the head of the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, said Sunday.
Greek voters delivered a resounding “no” in a referendum on Sunday that asked them to decide whether to accept a set of proposals by Greece’s creditors, leaving uncertainty ahead for Greece’s fragile economy and its fate in the eurozone.