+++ Greek debt crisis - live updates +++

All updates in Universal Coordinated Time (UTC)

22.30 That just about wraps things up for tonight, but we have a summary of the latest events rights here. Join us tomorrow as eurozone leaders hold an emergency summit to discuss the fallout from Sunday's "No" vote in Greece.

20:45 According to the Reuters news agency, Greek Prime Minister Alexis Tsipras told the European Central Bank chairman Mario Draghi in a phone call that there was an immediate need for capital controls in Greece to be lifted. Athens has imposed the measures itself in an effort to prevent the collapse of the banking system.

19:51 Reuters news agency reports that the International Monetary Fund (IMF) told Greece on Monday that it could not provide funds to countries that had missed payments which were due to the international lender.

18:58 Reuters news agency reports that Dutch Prime Minister Mark Rutte says Greece must accept deep reforms if it wants a new bailout package and decide tonight if it wishes to remain in the eurozone.

18:39 AFP news agency reports that the new Greek finance minister, Euclid Tsakalotos, said the Greek referendum had declared how Greece "deserved better" than "a non-viable solution" to the country's debt crisis.

18:00 The European Central Bank (ECB) issued a statement to confirm that it will maintain emergency liquidity assistance to Greek banks at the current level of around 90 billion euros (100 billion dollars).

17:36 Merkel: "We have one currency. We want to keep it that way."

17:35 Merkel: "We have given Greece solidarity and the last offer we made was quite a generous one."

17:33 Hollande: "Greece needs sustainability. There is not much more time. There’s urgency for Greece and for Europe."

17:32 German Chancellor Angela Merkel and French President Francois Hollande hold a joint press conference in Paris.

17:18 White House urges Greece and EU to find a compromise in Greek debt crisis

16:31 German Chancellor Angela Merkel has arrived in Paris to hold talks with French President Francois Hollande about the Greek crisis.

16:10 The Greek banking association said that Greek banks will remain closed on Tuesday and Wednesday, while continuing the daily limit of 60 euros ($65) on cash withdrawals.

15:27 Euclid Tsakalotos confirmed as new Greek finance minister.

15:24 German, French and Polish finance ministers gathered for a meeting in Warsaw to address the outcome of the Greek referendum. German Finance Minister Wolfgang Schäuble said he will await Greek proposals at Tuesday's Eurogroup meeting.

15:15 UK Finance Minister Osborne said in parliament that the situation in Greece will deteriorate, adding "there is no easy way out." Osborne also stressed that the UK and its position within the EU might also be affected.

14:40 International Monetary Fund (IMF) Managing Director Christine Lagarde said the IMF was monitoring the situation in Greece and stood ready to provide assistance if requested.

14:29 Greece will issue a joint statement on Monday representing all political parties except the Communist Party. Defense Minister Panos Kammenos said that there was no other option but to reach a deal.

13:38 US share indexes slid in opening trade on Monday, with the Dow Jones Industrial Average, the S&P 500 and Nasdaq Composite Index all down by about 0.8 percent, a day after Greek voters rejected an economic austerity package proposed by creditors.

13:29 The Greek government will extend the closure of banks at least until Friday, a senior banker tells Reuters news agency. The Greek government last week imposed capital controls and ordered banks to shut until July 6 after the European Central Bank closed down a vital financial lifeline following failed bailout talks between Athens and international creditors.

12:56 Former Irish ministers have told an inquiry into Ireland's banking crisis in 2008 that politicians felt "pushed" into accepting a bailout package, with concomitant austerity measures, by the International Monetary Fund, the European Commission and the European Central Bank, according to the "Irish Independent" - the same group that has tried to broker a solution for Greece.

12:45 German Economy Minister Sigmar Gabriel, who is also vice chancellor, says all EU countries must stand ready to provide humanitarian assistance to Greece and not leave the country in the lurch in view of its economic situation. He say there is a danger that Greece could suffer a shortage of essential goods, including medicine. "The people there need help, and we shouldn't deny it to them just because we're not satisfied with the outcome of the referendum," he tells reporters in Berlin.

12:22 Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel have agreed in a phone call that Greece should present a proposal for an aid deal at a summit on Tuesday, according to an official.

12:00 The Kremlin says Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin have held a phone discussion about the consequences of Greece's Sunday referendum, in which voters rejected further economic austerity measures called for by creditors. In a statement, the Kremlin said the two men had also discussed the development of Greek-Russian ties. Putin also "expressed support for the Greek people in overcoming the difficulties facing the country," the statement said. But no mention was made of possible Russian financial aid to Greece.

11:46 The ratings agency Standard & Poor's says it is now more likely that Greece will leave the eurozone than remain in it.

11:14 Talks between Greece and its creditors will be hindered by the outcome of Greece's referendum, according to Jeroen Dijsselbloem, the head of the the Eurogroup. "It doesn't bring us closer to a solution right away. In fact, when proposals are rejected that only makes things more difficult," he told reporters in The Hague. But he said he and Greece still shared the objective of keeping the country in the eurozone.

10:57 When asked about German Chancellor Angela Merkel's reaction to Greek Finance Minister Yanis Varoufakis' resignation, her spokesman Steffen Seibert gives a seemingly non-committal reply: "Varoufakis was never in dialog with the chancellor, so I won't comment on his departure or any feelings. I don't think there were any."

10:31 Greek Prime Minister Alexis Tsipras will telephone with Russian President Vladimir Putin on Monday, a Greek government official said. Tsipras has made two visits to Russia this year amid speculation he might turn to Moscow for money.

10:31 The European Commission says the Greek debt crisis is not putting the the eurozone into jeopardy. "The stability of the eurozone is not in question," said Valdis Dombrovskis, the Vice-President for the Euro and Social Dialogue, calling on Greece to implement economic reforms. On his Twitter account, Dombrovskis also said that the Greek "No" to bailout conditions proposed by its creditors made it more difficult to find a generally acceptable solution.

10:23 Spain says it is completely against Greece leaving the eurozone despite Greek voters' rejection of creditors' austerity demands in a referendum on Sunday. Economy Minister Luis de Guindos told a news conference in Madrid that he is not even contemplating a Greek exit from the euro. "We all want Greece not to leave the euro," he said.

09:45 German Chancellor Angela Merkel's spokesman Steffen Seibert said that Germany would not enter negotiations on a new bailout program at the current time as the conditions were "not there at present." However, he reiterated that "the door for talks always remains open," and that a lot would depend "on what proposals the Greek government now puts on the table."

09:42 Eurozone finance ministers, known as the Eurogroup, expect a fresh set of economic reform proposals from Athens on Tuesday, according to a statement. "The Eurogroup will discuss the situation following the referendum in Greece that was held on 5 July 2015. Ministers expect new proposals from the Greek authorities," they said in the statement.

09:39 The German Finance Ministry is not considering any debt restructuring for Greece, a spokesman said.

09:18 Russia says it hopes a deal between Greece and its creditors is reached as soon as possible and that Greece takes decisions that "allow for economic and social stability in the country in the best way," according to Kremlin spokesman Dmitry Peskov. Peskov said the Russian government respected the result of Sunday's referendum in Greece, and was closely following the situation there.

08:55 A spokesman for the government of Cyprus says its president and finance minister support Greece's demand for a restructuring of its huge debt. Finance Minister Harris Georgiades said last week that Cyprus might be ready to write off 330 million euros ($370 million) in rescue loans to Greece if other eurozone countries reached an agreement on reducing the country's debt. Cyprus itself was bailed out in 2013, the fourth eurozone country after Greece, Ireland and Portugal.

08:26 On her Twitter account, Argentinean President Cristina Fernandez has expressed her country's solidarity with Greece following Sunday's referendum outcome, which she called a "victory for democracy." She said Greece had rejected the "impossible and humiliating conditions" that creditors had demanded of the country, adding that Argentineans could understand how they felt. Argentina went through financial meltdown in 2002, defaulting on $100 billion (90.44 billion euros) in bonds.

08:13 Hong Kong's benchmark index, the Hang Seng, closed at a three-month low, falling 3.2 percent on worries over the consequences of the 'No" vote in Sunday's Greek referendum.

07:33 Meeting underway in Athens of Greek political leaders, including Prime Minister Alexis Tsipras and leaders of six of the seven parties represented in parliament. Tsipras said the meeting was to discuss his strategy for negotiating with creditors. A government spokesman said the political leaders would also choose a replacement for Finance Minister Yanis Varoufakis, who resigned earlier in the day.

07:15 European stocks dropped at start of trading, with Frankfurt's Dax 30 losing 2.11 percent to fall to 10,825.06 point, while Paris's CAC 40 shed 2.06 percent to slide to 4,709.01. The non-eurozone FTSE 100 lost 1.07 percent to drop to 6,515.67 points.

05:09 Tokyo's benchmark Nikkei index dropped 2.08 percent on Monday on the result of the Greek referendum, which raises the chances of Greece leaving the eurozone.

06:50 Greek political leaders will choose a replacement for Greek Finance Minister Vanis Varoufakis at a meeting scheduled for 07:00 UTC, a government spokesman says.

06:42 The President of the Federation of German Industries (BDI), Ulrich Grillo, tells the daily "Bild" newspaper that the result of Sunday's referendum is "a blow in the face for all Europeans." He warns that the Greek situation has become "even more dramatic" because of it, and says Greece should not be kept in the eurozone "at any price."

05:38 Greek Finance Minister Yanis Varoufakis resigns, saying Prime Minister Alexis Tsipras judged that his resignation might be helpful in reaching a deal with the country's creditors. Varoufakis had often clashed with creditors in negotiations over the past month. However, the resignation is a surprise, coming as it does a day after more than 60 percent of Greeks supported the government's position by rejecting the terms of a bailout proposal.

ss, tj,rc/kms (Reuters, dpa, AFP, AP)