Greek finance minister quits after 'No' vote in referendum

ATHENS, July 6: Greek Finance Minister Yanis Varoufakis announced his resignation on Monday after the country voted “No” to a bailout offer in a landmark referendum. In a posting on his website, Varoufakis said the decision was made in view of "a certain 'preference' by some Eurogroup participants, and assorted 'partners', for my...'absence' from its meetings". “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 (Alexis Tsipras) judged to be potentially helpful to him in reaching an agreement,” he stated. “For this reason, I am leaving the ministry of finance today.” Varoufakis said the Greek citizens' “historic rejection” of the Eurogroup’s June 25 ultimatum “comes with a large price tag attached”.