Greek Finance Minister Varoufakis ‘minister no more’

Greek Finance Minister Yanis Varoufakis announces resignation on his blog

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Greek Finance Minister Yanis Varoufakis posted on his blog on early Monday that he has resigned from his post.

Varoufakis said that “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.”

Varoufakis stressed in his announcement that “I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.”

“We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras, the new Minister of Finance, and our government.”

Greek citizens overwhelmingly voted “no’’ on Sunday to reject bailout propositions from Greece’s international lenders, taking a stance of defiance that may split Europe.

The result delivered a massive blow to the European Union’s grand euro project that was established 15 years ago, with the possibility arising of a eurozone member dropping out for the first time.


TRTWorld and agencies