Writing on his blog on Monday morning he said that he would be standing down immediately after pressure from Greece’s European partners.
“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,” he wrote.
The prime minister Alexis Tsipras judged this to be “potentially helpful to him in reaching an agreement. For this reason I am leaving the ministry of finance today”.
funny thing about Greek referendum is that only 62% of registered voters actually voted which means that only 36% of the registered voters said Oxi which of course means 64% said yes and absolutely nothing. That's the real story of the referendum, 3.7 million registered voters couldn't be bothered that's more than said No. Incredible!
euro off 0.72% against dollar and 0.68% against sterling. Yes, stock markets prob will sell off tomo morning but wouldnt surprise me to see them up by end of day as I think an agreement will be reached Tuesday. There isn't much between two sides on the reform agenda and its hard now for Europe not to agree something on the debt side as their so called "expert" has sided with the Greeks. Remember, Schauble said nothing could be agreed without the IMF. It's time to deal with Greece once and for all. It really is hard to see why shuffling the e27bn is such a bad idea together with some time value games. Will the sacrifice the Greeks make be Mr Varoufakis as he seems to be a major obstacle as he is too smart for the Eurogroup. Would be smart move on his part if he removed himself from the front line as his cult status would be all the greater.
Too right John - The Germans and EZ have been very fair and it is funny to stick your fingers to us but it is also very stupid.
The person in the room who has the least to lose is always the most dangerous but EZ has a lot to lose and that will not be allowed to be toyed with under their conditions.
The opportunity cost of Grexit is approaching tipping. Ideally, EZ does a deal that gives Greece hope but in the words of a famous Wexfordman, "we have come too far, we have sacrificed too much to disdain the future!"
Its very frustrating for countries like Ireland that have given Greece huge sums to help them at a time when we were struggling similar conditions and people in this country were sacrificing their own lives as a result of the depths of misery.
When they give Europe the two fingers they are also doing that to those that have sacrificed a lot - so No I wont accept their gestures and their BS about Europe!
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