Athens: Greek Finance Minister Yanis Varoufakis on Monday announced his resignation in a statement issued after his compatriots voted “No” in a referendum on bailout conditions, media reported.
It comes hours after Greece overwhelmingly rejected the European Union’s (EU) bailout offer with stringent conditions. The bloc had urged the Greek government to make “meaningful” and “possible” proposals for renegotiation, Xinhua news agency reported.
The Greek people said “no more” to five years of austerity, Varoufakis said earlier in a televised address after his government triumphed.
A spokesman for Wickremesinghe said he was expected to form a Cabinet in the coming days, with priority given to the 2019 budget, without which foreign debt servicing may not be possible.
Sri Lanka had been braced for a government shutdown as parliament failed to approve spending for 2019, and ratings agencies downgraded the country’s credit rating amid fears of a sovereign debt default. (VOA)