Greek Finance Minister Yanis Varoufakis has 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. In a statement published on his personal blog on Monday, Varoufakis said he was stepping down to allow Greek Prime Minister Alexis Tsipras to reach a new deal with European creditors. "Soon after the announcement of the referendum results, I was mad ...

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Greek Finance Minister Yanis Varoufakis has 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. In a statement published on his personal blog on Monday, Varoufakis said he was stepping down to allow Greek Prime Minister Alexis Tsipras to reach a new deal with European creditors. "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 blog.

Authors Website: http://sheilastuff.blogspot.com

Authors Bio:

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.