Germany, France demand 'serious' proposals from Greece after 'No' vote

[WorldNews]

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Germany and France on Monday called on Greece to make detailed proposals to revive bailout talks, a day after Greek voters defiantly rejected creditors' demands for further austerity, plunging Europe into crisis. With Greece's economy gasping for air, the authorities extended an eight-day bank closure until Thursday amid fears cash machines in the country were running dry. The European Central Bank, which has been keeping Greek lenders afloat, meanwhile announced it would maintain a key financial lifeline to Greek banks, but raised the bar for them to access the emergency funds.

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