Varoufakis Quits as Greece Enters New Showdown With Europe
Greece Backs Tsipras’s Rejection of Further Austerity
This article is for subscribers only.
Yanis Varoufakis quit as Greek finance minister, a move intended to help speed talks with creditors after voters rejected further austerity and escalated tension over the country’s place in the euro.
Varoufakis announced the decision in a blog post early Monday, saying there was “a certain preference” among European creditors that he no longer be involved in negotiations. The motorbike-riding economist had sparred openly with counterparts including Wolfgang Schaeuble of Germany.