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'Up to Greece to make proposals': France says after referendum

French Finance Minister Michel Sapin says it is up to the Greek government to make new proposals after a referendum rejected bailout proposals made by international creditorsFrench Finance Minister Michel Sapin said Monday it was up to the Greek government to make new proposals after a referendum rejected bailout proposals made by international creditors. “The vote itself solves nothing,” Sapin said in the first reaction from Europe’s second economy. Sapin also warned the European Central Bank against lowering its level of emergency financing to Greek banks, as the liquidity is essential to keep Greece’s economy afloat.

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