Greek Finance Minister quits

Yanis Varoufakis has resigned.

Greece's former finance minister wrote on his blog:

I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my… 'absence' from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.

In a referendum on Sunday, Greece voters overwhelmingly rejected the latest bailout package from European creditors.

According to preliminary figures from the Greek government, 61% of Greeks voted "No" (Oxi) to a bailout package that would enforce greater austerity measures, while 39% voted "Yes."

The landslide victory for the "No" campaign was a major surprise. Athens exploded in celebration over the result, with thousands streaming into Syntagma Square, waving Greek flags, chanting, and setting off fireworks.