Greek Finance Minister Yanis Varoufakis has submitted a resignation letter following the referendum on July 5.
"The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage. Like all struggles for democratic rights, this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid 'no' vote be invested immediately into a 'yes' to a proper resolution – to an agreement that involves debt restructuring, less austerity, redistribution in favor of the needy, and real reforms," RIA Novosti cited the message of Varoufakis as saying.
"Soon after the announcement of the referendum results, 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," he noted.
"I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital which the Greek people granted us through yesterday’s referendum. And I shall wear the creditors’ loathing with pride," the statement says.
Over 61% of Greek citizens said 'no' to the requirements of European creditors and about 39% agreed to these demands.
