Greece’s combative finance minister has resigned, hours after voters
backed his call to reject creditors’ demands for more austerity in a
referendum.
Yanis Varoufakis said it was felt his departure would be helpful in finding a solution to the country’s debt crisis.
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Eurozone finance ministers, with whom he repeatedly clashed, had wanted him removed, Mr. Varoufakis explained.
Meanwhile, global financial markets have fallen over fears that Greece is heading for an exit from the euro, the BBC reports.
The European Central Bank (ECB) is to meet to discuss whether to raise its emergency cash support for Greek banks, which are reportedly just days away from running out of funds and collapsing.
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Yanis Varoufakis said it was felt his departure would be helpful in finding a solution to the country’s debt crisis.
Read Also:U.S wins third Women’s World Cup: the nation
Eurozone finance ministers, with whom he repeatedly clashed, had wanted him removed, Mr. Varoufakis explained.
Meanwhile, global financial markets have fallen over fears that Greece is heading for an exit from the euro, the BBC reports.
The European Central Bank (ECB) is to meet to discuss whether to raise its emergency cash support for Greek banks, which are reportedly just days away from running out of funds and collapsing.
follow this link for Academic News
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