Peter Kazimir

The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.

Slovakia's Finance Minister Peter Kazimir on Sunday warned that Greece's 'No' referendum result opened the door to the country's departure from the eurozone, becoming the first European minister since the crucial vote to raise the prospect of a "Grexit".

The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.

Slovakia's Finance Minister Peter Kazimir on Sunday warned that Greece's 'No' referendum result opened the door to the country's departure from the eurozone, becoming the first European minister since the crucial vote to raise the prospect of a "Grexit".