bailout deal

Government spokeswoman Olga Gerovassili told Greek state TV ERT on Sunday that "as things stand now, Sept. 20 is a feasible election date."

Prime Minister Alexis Tsipras resigned Thursday. Opposition leader Evangelos Meimarakis, who was asked to form a government, is expected to inform Greek President Prokopis Pavlopoulos Monday that he has failed.

KEEPING SCORE: France's CAC 40 added 1.9 percent to 4,998.33 and Germany's DAX rose 1.3 percent to 11,457.69. Britain's FTSE 100 edged up 0.8 percent to 6,723.91. U.S. shares were set to open higher. Dow and S&P 500 futures both rose 0.7 percent.

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.

"If it's saying 'No' to austerity, then it's a 'No' from me too. But if we are rejecting Europe, I disagree with that," he said — a position that many of Greece's perplexed public find themselves in ahead of one of the most important votes in their country's modern history.

The official, who spoke only on condition of anonymity because the announcement was not official, said "clearly no agreement tonight.