Varoufakis Says he Will Quit if Greeks Vote 'Yes'

Greek Finance Minister Yanis Varoufakis said he’ll quit if Greece votes to accept creditors’ bailout proposals in Sunday’s referendum. He said he would "rather cut my arm off" than sign a new accord that doesn’t restructure Greece’s outstanding debt. Varoufakis expects Greeks to follow the government’s recommendation to reject the bailout proposals, which would require further tax increases and spending cuts in exchange for continued aid. He spoke to Guy Johnson on "The Pulse."

Italian Banks: Bailouts, Bailins and Cramdowns
08:44 - Bloomberg's Tom Keene and Jonathan Ferro discuss the woes of the Italian banking sector. They speak on "Bloomberg ‹GO›." (Source: Bloomberg)
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