Monday, July 06, 2015

Greek debt crisis: Yanis Varoufakis resigns after being forced out by EU chiefs

Yanis Varoufakis has announced he is standing down despite Greece's No vote in the referendum on proposed austerity measures.

In a blog post entitled “Minister No More”, published on Monday morning, the Greek finance minister said he was standing down because of pressure from Greece’s European partners.

He said: “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.” .... http://www.independent.co.uk