Greece’s Varoufakis: I Will Resign If There’s A ‘Yes’ Vote [TRANSCRIPT]

Greece’s Varoufakis: I Will Resign If There’s A ‘Yes’ Vote  [TRANSCRIPT]
hslergr1 / Pixabay

Greek Finance Minister Yanis Varoufakis told Bloomberg Television’s Guy Johnson that he’ll quit if Greece votes to accept creditors’ bailout proposals in Sunday’s referendum.

Johnson directly asked him “If there’s a yes vote come Monday night, you will not be Finance Minister” and Varaufakis responded: “I will not.”

Varoufakis also said that he would “prefer to cut my arm off” than sign a deal that fails to restructure Greece’s debt.

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Greece’s Finance Minister Yanis Varoufakis Says he Will Quit if Greeks Vote ‘Yes’

VAROUFAKIS: Absolutely. You have to understand that there’s a profound difference between what happened in Cyprus in 2013, let’s say, and what’s happening here. This is not a banking crisis; it’s not the banks are the problem. According to the ECB and the SSM, the banks were perfectly capitalized, there wasn’t a problem with them. What is happening here is a political position by Europe to shut the banks down as a way of effectively pushing us to accept a non-viable agreement at a political level, so this is a political crisis, it’s got nothing to do with the banks. Once the political crisis is over, after the Greek people deliver their verdict, the banks will open.