German Finance Minister Wolfgang Schauble gave a press conference claiming that Greece is likely to find itself in a “difficult situation” over the coming days.

He said that the Greek decision to end negotiations with a call for a referendum surprised everybody, making it clear that this move will not solve Greece’s problems.

“We will do everything to fight any possible contagion,” he said, adding that Greece remains part of the eurozone and part of Europe with everything possible being done to help Greece in its difficult situation.

“This is not a good day for Europe, but Europe usually became stronger during times of crisis,” he said.