Talks between Greece and its European creditors have ground to a halt ahead of a Greek referendum Sunday on whether to accept an austerity package of budget cuts and tax hikes. Earlier this week, Greece missed a $1.8 billion payment to the International Monetary Fund, bringing it to the edge of a financial meltdown. Greece’s left-wing Syriza-led government has urged residents to vote “no” in this weekend’s referendum, rejecting the latest bailout proposals from European creditors. Speaking to Bloomberg TV earlier today, Greek Finance Minister Yanis Varoufakis said he would resign if Greeks vote to embrace a deal he says would only extend the current crisis.
Yanis Varoufakis: “We’ll find a way of signing this. Maybe we will change the configuration of the government, because some of us may not be able to stomach it. Personally, I won’t sign another extend and pretend. I’m allergic to extending and pretending. But I will not scupper it. I will not scupper it. I will do, and I’m sure the prime minister will do, and everybody in the government will do, what we must do in order to respect the 'yes' verdict of the Greek people. But there won’t be a 'yes' verdict. I’m quite confident that the Greek people have had enough of extending and pretending, like the rest of the world, by the way.”
Guy Johnson: “Just to nail you down a little bit more.”
Yanis Varoufakis: “Please do.”
Guy Johnson: “So, if there’s a 'yes' vote, come Monday night, you will not be finance minister?”
Yanis Varoufakis: “I wouldn’t.”