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Greece

Face of Greek financial crisis Yanis Varoufakis in shock Twitter resignation

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By John Glenday, Reporter

July 6, 2015 | 1 min read

Unconventional Greek finance minister Yanis Varoufakis has shocked the world by tendering his resignation via Twitter following a big Greek ‘no’ vote on whether to accept creditors terms for the country’s bailout.

In a tweet to his 533k followers Varoufakis exclaimed ‘Minister no more!’, swiftly gathering some 10,000 retweets in the process.

The move is seen as an effort to strike a more conciliatory negotiating stance and tone from the unorthodox game theories and brash motorcycle driving of Varoufakis, with media speculation suggesting that a more conventional appointment being on the cards.

Oxford-educated economist Euclid Tsakalotos, often referred to as the ‘brains behind Syriza’s economic policy’, is being seen as a front runner in the race for succession.

Whilst on presentation the two radically differ in practice there is likely to be little change in their negotiating stance however with Tsakalotos having written much of the hard-left Syriza party’s agenda who has vowed not to sell off national assets or raise VAT.

In the meantime Varoufakis is likely to remain as outspoken as ever as a leading anti-austerity proponent.

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