Greece’s Finance Minister Resigns


Greek Finance Minister Yanis VaroufakisGreek Finance Minister Yanis Varoufakis announced his resignation Monday, less than a day after Greeks overwhelmingly voted “No” in a historic bailout referendum.

Varoufakis, who clashed with creditors, said he had been “made aware” that some members of the eurozone preferred his absence at meetings, “an idea that prime minister judged to be potentially helpful to him in reach an agreement,” according to his blog post. “For this reason I am leaving the Ministry of Finance today,” he said.

Interior ministry figures showed 61.3 percent of Greeks voted “No,” rejecting creditor demands for fresh financial aid, compared to 38.7 percent who voted “Yes.” Numbers showed 62.5 percent of voters participated.

German Chancellor Angela Merkel and French President Francois Hollande called an emergency eurozone summit meeting after the result. EU President Donald Tusk said the summit would take place Tuesday. Read more at the Guardian.

{Andy Newscenter}