Greek finance minister Varoufakis resigns

Omkar Godbole FXStreet Contributor

FXStreet (Mumbai) - As per the latest report from the Greek ministry, Varoufakis resigned after the Greece's referendum vote resulted in a stunning majority of a ‘No’ vote.

The US equity futures recovered and the shared currency pared overnight weakness after the news of resignation hit the wires.

Over the weekend, Varoufakis was critical of Greek creditors when he asked, “What they are doing with Greece has a name: terrorism". Varoufakis had also said that a deal would be reached even after a ‘No’ vote because failing to do so would be too costly for both the sides.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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