Varoufakis Resigns As Greek Finance Minister Over 'creditors' Loathing'

Yanis Varoufakis said Monday he is stepping down as Greece's finance minister, saying the move is related to "creditors' loathing". His resignation came after Greek voters on Sunday rejected the terms put forward by the country's international lenders to unlock further bailout aid. "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 [Alexis Tsipras] judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today," he said in a post to his blog.