BRUSSELS, July 6. /TASS/. The European Union (EU) has launched intensive multilateral consultations at the highest level following Sunday’s referendum in Greece where the majority of voters rejected the terms of an international bailout.
According to preliminary results, more than 60% of respondents voted against austerity measures. The situation in Greece will be the main focus of the eurozone summit scheduled for July 7 in Brussels. Eurogroup (financial ministers of the eurozone) head Jeroen Dijsselbloem said "the result [of the referendum] is very regrettable for the future of Greece."
"No" at the plebiscite will not mean automatic exclusion from the eurozone, as "there is no even a legal procedure for this," a European source in Brussels told TASS, commenting on preliminary results of the referendum.
"The answer ‘No’ to the proposal of international creditors does not mean an automatic expulsion from the Eurozone. Negotiations will continue," the source said. "Greece’s withdrawal from the eurozone is not on the agenda, as there is no legal procedure for this in EU’s basic documents. The ministers need to hear what the Greek government sees as future steps to lead the country out of the crisis and consider a mutually beneficial decision that would allow for Athens to remain part of the eurozone and guarantee the fulfillment of commitments to international creditors," the source explained.
Greek Finance Minister Yanis Varoufakis resigned on Monday saying he had been "made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my... 'absence' from its meetings."
European Commission President Jean-Claude Juncker will hold telephone consultations about the situation later today with the leaders of 18 other Eurozone countries and teleconference with heads of European institutions.
The situation in Greece will dominate the agenda of today’s European Parliament’s plenary session. Greek Prime Minister Alexis Tsipras said that the country is ready to return to the negotiations table from July 6 and discuss the restoration of the banking system and debt restructuring.