10:29 GMT02 August 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    German Chancellor Angela Merkel will arrive in Paris on Monday to discuss the results of the Greek austerity referendum with French President Francois Hollande, the Elysee Palace said in a statement Sunday.

    PARIS (Sputnik) — German Chancellor Angela Merkel will arrive in Paris on Monday to discuss the results of the Greek austerity referendum with French President Francois Hollande, the Elysee Palace said in a statement Sunday.

    Earlier in the day, Greeks went to polling stations to vote on whether Athens should accept the creditors' bailout plan that envisages serious spending cuts and tax increases in exchange for additional financial aid.

    "German Chancellor Angela Merkel and French President Francois Hollande will hold on July 6 a meeting and a working dinner at the Elysee Palace to assess the results of the referendum held in Greece," the statement read.

    First official results of the Sunday referendum showed that some 59.7 percent of voters said "no" to the bailout proposals tabled by Greece's international lenders, while 40.3 percent voted for the deal.

    The referendum was preceded by several rounds of talks between Athens and its major international creditors on Greece's massive debt settlement, which failed to bring results.

    On June 30, a deadline for the previous bailout program expiry, Greece failed to make a $1.7-billion repayment to the International Monetary Fund (IMF), causing the country to default on its IMF debt.

    Greece's overall debt to the European Central Bank, the IMF and some eurozone nations stands at about $270 billion.

    Greece's Gordian Knot: Syriza Tackles Austerity (404)


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    Germany, Greece, Angela Merkel, Francois Hollande, European Union, Eurozone, Greek debt, Greek economy, referendum, France
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