Yanis Varoufakis has just announced in a statement…
“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.”
Moments after securing a victorious ‘NO’ vote at Greek referendum, Finance Minister Yanis Varoufakis has resigned, saying it would help Prime Minister Alexis Tsipras negotiate a better deal from foreign creditors.
Minister No More! http://t.co/Oa6MlhTPjG
— Yanis Varoufakis (@yanisvaroufakis) July 6, 2015
Varoufakis said that he would “wear the creditors’ loathing with pride” and pledged his continued support to Tsipras and whoever he chooses as his new finance minister.
The Tsipras government is making more moves to show that it is ready for a deal. Varoufakis’ resignation is a signal to the cry babies in the Eurogroup that Greece will appoint a finance minister that they can play along with a bit better.