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
Greek Finance Minister Yanis Varoufakis said that the country will not pay 1.6 billion euros of debt to the IMF, which means a default for the country. Vladimir Olenchenko, senior fellow of the MGIMO Center for European Studies, noted that the issue should be considered through the prism of statements of top leaders. IMF Chief Christine Lagarde, he reminds, sees no point in the Greek referendum because the terms of payments expire today, while German Chancellor Angela Merkel is still open to discussions after the referendum, and Greek Prime Minister Alexis Tsipras denied raising the issue of a euro exit.
