Hope for Bailout Talks After Greek Finance Minister Resigns

the resignation of Greek Finance Minister Yanis Varoufakis gave hope for new bailout talks even as Greek voters rejected financial reform proposals from international creditors Sunday.
Greece and its membership in Europe's joint currency faced an uncertain future, with the country under pressure to reach a bailout deal with creditors as soon as possible after Greeks resoundingly rejected the notion of more austerity in exchange for aid.
Varoufakis said he was told shortly after the voters rejected Sunday's referendum that the other eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. Varoufakis issued an announcement saying Prime Minister Alexis Tsipras had judged that Varoufakis' resignation "might help achieve a deal" and that he was leaving the finance ministry for this reason on Monday.



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