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Greek FM resigns after bailout vote

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ATHENS, Greece, July 5: Greek Finance Minister Yanis Varoufakis said in his resignation statement that his decision was made to further the Greek peoples' cause.




"We of the left know how to act collectively with no care for the privileges of office," said Varoufakis, who had become a focal point for friction in meetings with Greece's creditors.


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He hailed the "no" vote in the referendum as a victory for democracy that would have global impact.



"The superhuman effort to honor the brave people of Greece, and the famous "oxi" ("no) that they granted to democrats the world over is just beginning," he said Monday morning.



No replacement has yet been named.

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