Athens: Greek Finance Minister Yanis Varoufakis on Monday announced his resignation after his compatriots voted "No" in a referendum on bailout conditions, media reported.
Varoufakis had last week promised to step down if a ‘yes’ vote came out on top in Sunday’s referendum.
In a statement, Varoufakis said he had been "made aware" that some members of the euro zone considered him unwelcome at meetings of finance ministers, "an idea the prime minister judged to be potentially helpful to him in reaching an agreement."
"For this reason I am leaving the ministry of finance today."
Results showed about 61 per cent voted "no," compared with 39 per cent for "yes," with 100 per cent of the vote counted. The referendum Greece's first in more than four decades came amid severe restrictions on financial transactions in the country, imposed last week to stem a bank run that accelerated after the vote was called.
Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting "No, no, no!"
German Chancellor Angela Merkel and French President Francois Hollande are to meet in Paris to discuss the situation in Greece.
The European Central Bank is to hold a conference call to decide on funding for Greek banks which are rapidly running out of money.
Leaders of eurozone countries are to meet tomorrow to discuss the crisis.
With Agency Inputs
