Greek finance minister resigns after 'no' vote against bailout

July 06, 2015 11:34

Greek Finance Minister Yanis Varoufakis has just resigned after Greek voters delivered an overwhelming "No" vote in a referendum on whether to accept more austerity measures in return for new bailout cash.

"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," Varoufakis wrote on his personal blog.

"For this reason I am leaving the Ministry of Finance today. "I consider it my duty to help [Prime Minister] Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday's referendum. And I shall wear the creditors' loathing with pride."

Read: Greeks defy Europe with overwhelming referendum 'No'

« Back to LIVE

TOP STORIES

Russia to deliver 2 more S-400 missile system regiments to India next year

According to the original timeline, the ships were to be delivered by 2022, they said, attributing the delays in the delivery to Russia's war in Ukraine.

Will Nilesh Kumbhani join BJP? Cong says lost contact with him

Local Congress workers, led by city unit's working president Dinesh Savalia, staged a protest outside Kumbhani's locked house in Puna Gam area, calling him traitor and accusing him of giving a walkover to the BJP.

UPA govt took no military action after 26/11 because...: Jaishankar

Describing India as a voice of the 'Global South' (comprising about 125 countries), he said the countries of the Global South trust India to take up their cause and positions in the world.

X user booked over deepfake video of Ranveer Singh

Ranveer Singh never said this, and he does not have any relation with any political party, his father said in the complaint.

Military strength, capabilities must to prevent wars: Army chief

Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.