Greek Finance Minister resignsJuly 6, 2015 - 12:47 AMT PanARMENIAN.Net - Yanis Varoufakis, Greece's embattled Finance Minister has resigned his post, saying the move could help Prime Minister Alexis Tsipras reach an agreement with creditors, CNN reports. "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 in a blog post early Monday, July 6. "For this reason I am leaving the Ministry of Finance today," he continued. "I shall wear the creditors' loathing with pride." Greece's Ministry of Finance confirmed his departure in a separate statement. During his time in government, Varoufakis refused to adopt the mannerisms of a conventional European politician. Instead, he dressed informally and loudly. He frequently appeared in media, launching biting rhetorical attacks against rival negotiators and governments, CNN notes. While it may have appealed to populists, critics said his style failed to win many fans in the negotiating room. The resignation comes just hours after Greece voted on against Europe's latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro. More than 60% heeded left-wing Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt. Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday. But the result sets Greece on an uncertain path that could force it to abandon the euro and print its own currency -- with huge damage to the economy. Varoufakis, in another blog post, said the vote was a "majestic, big YES to a democratic Europe." "It is a NO to the dystopic vision of a Eurozone that functions like an iron cage for its peoples," he said. Photo: The Toc Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |