People from across the world were closely watching the aftermath of Greece's referendum Sunday that saw voters in the embattled nation turn down a proposal from international creditors that would have included more austerity reforms. The election results have increased concerns that Greece could exit the eurozone currency bloc.

Newspaper front pages declared that Greece had defied Europe and showed pictures of celebrating Greeks. Some, however, declared that the Greeks had voted for disaster. 

Greece's Finance Minister Yanis Varoufakis resigned Monday after he helped Athens win the divisive referendum. He said his exit might help Greece "achieve a deal" with its creditors. "I shall wear the creditors' loathing with pride," Varoufakis said in an announcement posted on his blog.

Greeks voted 61 percent to 39 percent to reject harsh austerity measures sought by the International Monetary Fund, European Central Bank and European Commission. The vote came as Athens is facing an economic collapse. Greek banks are poised to run out of cash within days and Athens has already defaulted on a loan repayment to the IMF.

European leaders were expected to hold an emergency summit this week on the Greek vote, USA Today reported. Greek leaders have said the vote against more austerity would give it a stronger negotiating position. Meanwhile, global stocks took a hit after the referendum, CNN Money reported. 

European leaders expressed disappointment with Greece's vote. “With regard to yesterday’s decision by Greek citizens the preconditions for entering into negotiations over a new aid program do not currently exist,” said Steffen Seibert, spokesman for German chancellor Angela Merkel.

European Commission President Jean-Claude Juncker was scheduled to hold a conference call Monday with European Central Bank head Mario Draghi and Jeroen Dijsselbloem, who heads the Eurogroup of euro-area finance chiefs.

“It’s now up to the Greek government to make proposals about how to proceed,” Austrian Chancellor Werner Faymann said in a statement on Monday.


DEN_MJP The Morgenavisen Jyllands-Posten in Viby, Denmark published a tattered Greek flag on its front page. Photo: Morgenavisen Jyllands-Posten


GER_TAZ The Die Tageszeitung in Berlin, Germany also featured a broken Greek flag. "The Torn Country," reads the headline. Photo: Die Tageszeitung

UK_TG The Guardian newspaper in London declared that Greek voters had defied Europe. Photo: The Guardian

UK_TT The Times in London showed happy Greeks on its front page. Photo: The Times

BRA_OE O Estado De S. Paulo published in Sao Paulo, Brazil said Greeks had acted in defiance of the European Union in its main headline. Photo: O Estado De S. Paulo

COL_ESP El Espectador in Bogota, Colombia noted that Greece was taking a step toward leaving the European Union. Photo: El Espectador

VEN_EN El Nacional in Caracas, Venezuela also went with a picture of happy Greeks. Photo: El Nacional

LEB_DS The Daily Star published in Beirut, Lebanon showed celebrating Greeks and Prime Minister Alexis Tsipras before he cast his vote. Photo: The Daily Star

TX_AAS Many U.S. newspapers downplayed the Greek election results after the U.S. won the Women's World Cup. The Austin American- Statesman in Texas was among those that still gave the referendum some ink. Photo: Austin American-Statesman

CAN_TS A man celebrates the Greek referendum results with a child on his shoulders in the Toronto Star of Canada. Photo: Toronto Star

FL_TIMES The Tampa Bay Times in St. Petersburg, Florida went with a Washington Post story on the Greek results. Photo: Tampa Bay Times

NY_NYP Greece committed economic suicide, declared the New York Post in New York. Photo: New York Post