Greek finance minister Yanis Varoufakis resigns after referendum

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Greece’s finance minister Yanis Varoufakis said last week that he’d resign if the country were to vote for a bailout in the historic referendum on Sunday. That did not happen — 61% of voters voted “no” and against the proposed bailout plan — but Varoufakis surprisingly resigned anyway, claiming he feels he is in the way of future negotiations with Greece’s Eurogroup creditors

“Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today,” he wrote on his blog Monday Read more…

More about Greece, Us World, Resignation, and Yanis Varoufakis

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