Greek Finance Minister Resigns

In the wake of the voting yesterday, Greek Finance Minister Yanis Varoufakis realized that he would not be able to stay on as finance minister. He explains it as such on his blog, saying:

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.

Kostas Koutsaftikis /

Kostas Koutsaftikis /

This could be an indication that the Eurozone lenders believe that Varoufakis himself is a barrier to conducive negotiations, but it could also be the age-old martyrdom that some member of any administration under duress goes through. Varoufakis has yet to announce what he plans to do now that he has resigned as the Greek Minister of Finance, but this level of

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