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'
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