Greece

VIDEO: Obama urges Eurozone to work on bailout

"Austerity alone is not going to lead to a solution," said Earnest. "Allowing Greece to walk back all of the commitments that they've previously made in exchange for financial assistance is also not going to be an option."

Global markets slide as investors watch Greece talks

KEEPING SCORE: Germany's DAX was down 0.9 percent to 10,791.62 and France's CAC-40 shed 1.1 percent to 4,661.36. Britain's FTSE 100 dropped 0.3 percent to 6.514.61. Wall Street looked set for small gains. Futures for the Dow Jones industrial average and the Standard & Poor's 500 were up 0.1 percent and 0.2 percent, respectively.

UK's Osborne urges tourists to stock up on cash

George Osborne says "the situation risks going from bad to worse" and that "Britain will be affected the longer the Greek crisis lasts and the worse it gets."

Lagarde says IMF ready to help Greece if asked

Her statement Monday was the IMF's first reaction to Greek voters' decisive rejection of further austerity measures in return for bailout loans.

"We are monitoring the situation closely," she said, without offering further details.

Global markets fall sharply after Greek 'no' vote

Still, the market declines are not as dramatic as many had feared, something analysts are crediting to the resignation of the Greek finance minister, which might help bailout talks resume.

In Sunday's referendum on creditor proposals, 61 percent of Greeks voted "no" — a much higher proportion than anticipated. Many in the markets fear that the decision has pushed Greece one step closer to the euro exit door. So-called "Grexit" is considered to be one of the biggest risks facing the global economy.

Greece looks to reopen bailout talks as euro future in doubt

This after Greeks resoundingly rejected the notion of more austerity in exchange for aid.

With Greek banks running out of cash and facing the danger of collapse within days without new aid, the government in Athens is racing against the clock.

In an effort to facilitate negotiations on a new aid program, Finance Minister Yanis Varoufakis, who had clashed with European officials in the bailout talks, announced his resignation Monday.

Euro official says Greek vote result regrettable

The Dutch finance minister has over the past five months of negotiations resisted Greece's attempts to get easier terms for its bailout program. He says that "for the recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities."

Poll: Greek opinion on bailout vote a dead heat

The ALCO survey for the newspaper Proto Thema gave the "Yes" campaign a 0.6 point lead over the "No" vote in the bailout referendum — well within the 3 percent margin of error. Of those interviewed, 41.7 percent said they would vote yes and 41.1 percent intend to vote no, with 10.7 percent undecided and the rest either casting blank ballots or abstaining.

Greek banking officials meet with government

A finance ministry official says the meeting is being attended by the deputy governor of the Bank of Greece and the managing directors or presidents of the country's five largest lenders: Piraeus Bank, Alpha Bank, Eurobank, Attica Bank and National Bank of Greece as well as the secretary general of the Greek banking association.

World stocks drift lower ahead of Greek vote; China plunges

KEEPING SCORE: European stocks were mixed in early trading, with France's CAC 40 slipping 0.1 percent to 4,828.72 while Germany's DAX was flat at 11,096.84. Britain's FTSE 100 edged 0.1 percent lower to 6,622.15. U.S. markets were closed for the Independence Day holiday weekend.