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> Economy

Varoufakis quits! Mild boost to euro and gets splashed

Yanis Varoufakis heats up the euro but personally gets cooled down with water

Newsroom July 6 12:39

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Greece’s outspoken outgoing finance minister, Yanis Varoufakis, who announced his resignation on a blog post on Monday morning was surrounded by the photographers outside the ministry at 12.30 p.m.

Asked about who his successor would be, Varoufakis indicated: “It will be someone that you know.”

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Eurostat: Inflation in Greece at 4.9% in May, reaches 3.2% in the Eurozone

The man, who has likened the country’s creditors to terrorists and austerity measures to fiscal water boarding, was splashed with water by a member of the crowd.

Meanwhile, the euro shot up to 1.1055 US dollars from 1.0967 US dollars as soon as announcement of his resignation was made.

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