Greek Finance Minister Yanis Varoufakis Resigns - East Idaho News
World

Greek Finance Minister Yanis Varoufakis Resigns

  Published at  | Updated at

getty 070615 greeceeurounion?  SQUARESPACE CACHEVERSION=1436179454616iStock/Thinkstock(ATHENS) — Yanis Varoufakis resigned Sunday from his post as Greece’s Minister of Finance after Greek voters overwhelmingly rejected Europe’s terms of a bailout.

“The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage,” Varoufakis wrote in a post resigning his post on his website, adding, “Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached.”

Though the outgoing Greek finance chief was well-liked by his supporters, according to BBC’s Mark Lowen, he was hated by Eurozone leaders. Varoufakis had recently accused them of terrorism toward Greece.

His removal by Greece’s Prime Minister Alexis Tsipras appears to be an implication that a deal with the Eurozone is pertinent and that Varoufakis may have been impeding the progress, the BBC reports.

“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 Ieaving the Ministry of Finance today,” Varoufakis wrote.
 
Varoufakis said that he will fully support the prime minister as well as the new minister of finance and the Greek government in exploiting “the capital that the Greek people granted us through yesterday’s referendum.”

Copyright © 2015, ABC Radio. All rights reserved.

SUBMIT A CORRECTION