Greek Finance Minister Yanis Varoufakis resigned his post Monday, right after voters opted via referendum against implementing more austerity measures that could help bail the ailing country out of its economic and debt disasters.
Varoufakis said Prime Minister Alexis Tsipras told him his resignation "might help achieve a deal" with the country's creditors, the Associated Press reported. His departure was somewhat defiant, nonetheless.
He said, during his announcement: "I shall wear the creditors' loathing with pride," AP said.
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Greek citizens voted "no" on a referendum over the weekend to implement more austerity measures in exchange for emergency loans.
The referendum "will stay in history as a unique moment when a small European nation rose up against bondage," Varoufakis said, AP reported.
It's not clear who will replace Varoufakis.
Wall Street, meanwhile, is bracing for a wild ride this week, as Greece's economy issues spill into parts of the West, economists report.
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