Why has Varoufakis resigned as Greek finance minister?

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Varoufakis had promised to resign in the event of a YES vote; his resignation, after a NO vote, just hours after stating:” there won’t be a YES vote, so you’re stuck with me” was surprising to say the least.

It seems that the ECB has its claws dug deep into Greece’s politicians, able to dismiss a finance minister for simply refusing to play along with their charade. An RT commentator seems to think that this bodes poorly for the Prime Minister of Greece as well, as the ECB might raid Greek depositors for cash, causing chaos, and blame the PM for the debacle. That scenario seems possible, and might be why the finance minister was forced to retreat from office.
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Jeroen Dijsselbloem, Eurogroup Head and Dutch Finance Minister: ” I have taken note of the results of this referendum. This outcome is regrettable for the future of Greece.” Warning? Or threat?

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2 COMMENTS

  1. I don’t know why we are unable to do something about this, and any other injustice taking place in this or any other level. I mean it’s so obvious, and instead of at least shouting out loud about it, no one has said anything…..we just excepted it and moved on….. i don’t no, i just don’t………

  2. The EU powers-that-be may well be able to force Greek Leftists out of office given enough time and political will, but they cannot do so within hours of a Leftist referendum triumph. If Varoufakis left at such short notice, it’s because it suited either himself or Prime Minister Tsipras or perhaps both. Tsipras (who had previously sidelined Varoufakis in negotiations in April) may be signalling to Europe that he’s serious about wanting a deal, or he may have wanted Varoufakis out because he feels he needs a deal and Varoufakis might hinder one, or whatever. Varoufakis himself may reckon his best chance of eventually becoming Prime Minister is to leave others saddled with the blame for the austerity and other broken promises that a deal will probably entail, or with the blame for the even greater hardship (at least in the short term) that can be expected if there is no deal.

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