German line hardens after Greeks reject bailout terms

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks during a conference on inequalities in Brussels, Belgium in this June 17, 2015 file photo. REUTERS/Eric Vidal/Files

BERLIN (Reuters) - The German government signalled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone.

With opinion towards Greece hardening in Germany's ruling coalition following the landslide rejection of European bailout terms in a Sunday referendum, the government indirectly raised the prospect of a Greek exit from the currency bloc.