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Varofukis resigned, Greece prepared for talks with Troika

Monday, Jul 06 2015
Greece's outspoken finance minister Varofukis resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. 
 
His sacrifice, after promising Greeks he would win a better deal within a day of their overwhelming referendum vote, suggested leftist Prime Minister Alexis Tsipras is determined to try to reach a last-ditch compromise with European leaders. 
 
Merkel, under mounting pressure in Germany to cut Greece loose from the euro zone, meets French President Francois Hollande in Paris later in the day to seek a joint response ahead of an emergency summit of euro zone leaders in Brussels on Tuesday.
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