Europe is entering 'unchartered waters' with Greek referendum, Finance Minister Michael Noonan warns
Europe is entering “unchartered waters” following the Greek government’s decision to call a referendum on further austerity next weekend, Finance Minister Michael Noonan warned in Brussels.
He added that there had been room for a deal until the television announcement by Prime Alexis Tsipras in the early hours of Saturday morning when he told Greeks about the surprise vote.
“I found out at 12 O’Clock last night that the Greeks have unilaterally discontinued negotiations. I am disappointed with that,” Mr Noonan said. “We are going into totally uncharted waters.”
Read more here: Greek parliament debates referendum
His comments were echoed by other finance ministers. Jeroen Dijsselbloem, the Dutch finance minister who chairs the committee of eurozone finance ministers, said the Greek government had ended any hopes of a negotiated deal.
“It has closed the door on further talks while the door was still open, in my mind.” German finance minister Wolfgang Schaeuble said the negotiations had clearly ended and there were “no grounds for further discussions.”
The decision to call a snap referendum prompted concern but no panic in Greece yesterday. There were queues at some supermarkets and ATMs.
Read more here: Last chance to save Greece from the abyss as tempers fray