Eurozone 'can cope' with Greek crisis: Italian finance ministry source

The eurozone "is capable of coping with a crisis of confidence and possible speculative attacks", a source close to Italy's finance ministry said Sunday, as early results from Greece's referendum showed voters decisively rejecting creditors' bailout terms.

"Uncertainty over Greece's future is bound to cause volatility on the financial markets," the source said, adding that Italy's economy was in recovery and the eurozone had measures in place to stave off contagion from the Greek debt drama.

Italian President Sergio Mattarella meanwhile urged Europeans and EU leaders to show solidarity with Greece and respect the outcome of the referendum after voters looked set to say a resounding 'No' to further austerity.

"Greece is part of Europe, and the other people of the European Union owe its people their solidarity. This will in the coming days be the principle guiding Italy's actions and I hope this will be true also for the representatives of the Greek people, other European partners and the EU's institutions," he said in a statement.

He added that with the Greek vote outcome, Europe was headed for unfamiliar scenarios "which will require from all a sense of responsibility and a long-term and strategic vision".