German chancellor Angela Merkel will travel to Paris on Monday for talks with French president François Hollande to map out the way forward for Greece following its referendum, reprts Bloomberg.
The trip, announced Sunday shortly after polls closed in Greece, is “to jointly assess the situation after the Greek referendum and to address the continuation of Franco-German close cooperation in this matter,” according to separate e-mails from the offices of the two leaders.
The meeting of the leaders of Europe’s two biggest economies will help shape the euro-area response to one of the greatest challenges to face the currency region shared by 19 nations.
Preliminary polls suggest Greeks may have sided with prime minister Alexis Tsipras’s government and rejected the terms of rescue aid set by creditors. First official projections will be made later on Sunday.
Whatever the result, the referendum poses an existential dilemma for European leaders over how to resolve an increasingly acrimonious standoff with Greece’s Syriza-led government over its future financing, a question that could ultimately determine Greece’s place in the euro.