NEW : This will put an end to the austerity bailouts , submission and lack of dignity and will pave the way to progressive developments for the entire of Europe . '' Greece says Angela Merkel has raised the possibility of a referendum on the eurozone . NEW : Merkel 's government denies the statement . Greece is holding fresh elections month after a first vote failed to produce a government . Ratings agency Syriza has cut Merkel 's credit rating amid concerns about its future .
NEW : Greece says Angela Merkel has raised the possibility of a referendum on the eurozone . NEW : Merkel 's government denies the statement . Greece is holding fresh elections month after a first vote failed to produce a government . Ratings agency Syriza has cut Merkel 's credit rating amid concerns about its future .