Austria's Schelling rules out unconditional aid for Greece

Austrian finance minister Hans Joerg Schelling says referendum result is "disappointing" and that he is now waiting for clear proposals from the Greek government.

Schelling clarified that Greece will not be receiving any aid unconditionally, following Sunday’s referendum.

"For Europe, this would be easy to manage economically. For Greece, it would indeed be considerably more dramatic," Schelling was quoted as saying in an interview with on-line newspaper Die Presse.

Schelling said Greece would need humanitarian aid in case of "Grexit" but described fears of widespread poverty sweeping Greece as overstated.

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