Finance Minister Yanis Varoufakis said he will resign if there is a “yes” vote in Sunday’s referendum

Sounds like more incentives for Troika agents to manipulate the votes
Reading between the lines he hints that the Greek government would collapse under a “Yes” vote.
Greece could face political crisis where the EU could install another puppet technocracy government, as was done in Italy’s “coup d’etat”.~Ron

Paul Craig Roberts wrote:
As I said in my interviews with Investment Research Dynamics and with King World News, the leaders of the current Greek government possibly could be assassinated in order that Washington prevents the unraveling of the EU and NATO. In my opinion, Greece’s departure would be followed by Spain’s and Italy’s. see:

ATHENS, GREECE - JANUARY 28: New Greek Finance Minister Yanis Varoufakis attends a handover ceremony in Athens on January 28, 2015. (Photo by Ayhan Mehmet/Anadolu Agency/Getty Images)
(Photo by Ayhan Mehmet/Anadolu Agency/Getty Images)

Greek Finance Minister Yanis Varoufakis said that he will resign if there is a “yes” vote in Sunday’s referendum over creditors’ proposals to Greece.

Varoufakis spoke on Bloomberg television and when asked if he will remain Greece’s finance minister in case Greeks vote “yes” in the referendum, he replied: “I will not.” He also said that other ministers will refuse to sign a bad deal and there will be a government reshuffle.

Varoufakis also claimed that Greece was being treated by European creditors as a “debt colony” that doesn’t have rights.

The Greek minister also said that he wouldn’t sign any deal with creditors that would not include assurance of restructuring of the sovereign debt. “I’d rather have my hand cut off than sign a deal that will not include debt restructuring,” he said characteristically.

In case Greeks vote “no”, then Prime Minister Alexis Tsipras and he will be around on Monday “to forge a mutually beneficial agreement with the rest of Europe.”

On a personal level, Varoufakis said that neither he nor his wife had stood in line at a bank ATM in the last few days. He said that he doesn’t have time for that because he goes from one political meeting to another, and also it would be inappropriate for him as finance minister.

– See more at:



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9 comments on “Finance Minister Yanis Varoufakis said he will resign if there is a “yes” vote in Sunday’s referendum
  1. RonMamita says:

    Globalist Agenda Watch 2015: Update 51 – Guess who’s running the new BRICS Bank

    While examining Eastern press reports of the recent St. Petersburg International Economic Forum for news that went largely unnoticed in the West, I came across a Greek Reporter article titled Greek PM Tsipras Meets with Gazprom Chief, BRICS Delegation in St Petersburg. It contained this telling section…

    >>> Tsipras also met with representatives of the new development bank for BRICS countries, who expressed their intense interest in cooperating with Greece.

    The Greek Prime Minister was accompanied by Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis, while the BRICS delegation included its chief, Kundapur Vaman Kamath, IMF’s Executive Director and new Vice President of the BRICS bank Paulo Nogueira Batista, Russia’s Deputy Finance Minister Sergei Storchak and the head of state bank Vnesheconombank (VEB), Vladimir Dmitriev. <<<

    In the Western news reports of the time, I saw it mentioned that Tsipras met with Putin, but I heard nothing about him meeting with the head of the BRICS Bank, K.V. Kamath…
    …who is one of the “Davos boys.” It was an interesting oversight on the part of the Western press.

    Even more interesting than that was the mention that one of the IMF’s Executive Directors is also a Vice President of the BRICS Bank. According to the IMF website

    “The Executive Board (the Board) is responsible for conducting the day-to-day business of the IMF. It is composed of 24 Directors, who are appointed or elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman. The Board usually meets several times each week. It carries out its work largely on the basis of papers prepared by IMF management and staff.”

    One of those Board members is this man…
    who was selected on June 11 as a Vice President of the BRICS Bank.

    And who trained this Mr. Batista?…

    The Jesuits…

    …and the London Establishment…

    If we look again at the BRICS Post article that announced Batista’s selection to the BRICS Bank, it offers an additional bit of interesting information…

    “The first meeting of the bank’s board of governors will be in early July during the BRICS summit in Russia, at which it will formally appoint its president and vice-presidents…

    Zhu Xian, vice-president of the World Bank, has been picked by China as one of the four vice-presidents.”

    So who will be running the “fresh, new” BRICS Bank? Guys who hang out at Davos, who help run the “tainted, old” IMF and World Bank, and who are trained by the London Establishment and the Vatican Jesuits.

    The BRICS Freedom Fighters: change we can believe in
    …(as we ride the Turnip Truck Express into the New World Order)

    For the previous updates from this series, click here.

    [Note: As I double-checked this entry prior to publishing it, I had trouble connecting to the BRICS Post article. They could be having technical difficulties.]

    With love…


  2. RonMamita says:

    Has The Greek Vote Rigging Begun?

    Apparently, the only way the Syriza party will remain in control of the Hellenic government is if they leave the EU…
    Hmm, if the referendum passes with a “yes” vote Syriza is out; if the referendum fails with a “no” vote (but attempts to remain in the EU) Syriza will be ousted by EU agents…

    Reuters report: ‘Yes’ camp takes slim lead in Greek bailout referendum poll…


    Contrast the above opinion with the news release:
    ATHENS, July 1 (Xinhua) – Most Greeks would say “No” to creditors’ proposal on a new debt deal in Sunday’s referendum, the results of a survey showed Wednesday…


    I do not know what the People in Greece want, however I forecast that the E.U. will force Greece to obey their commands. My question is merely the form that takes, i.e. government reshuffle, and if death will be involved… ~Ron

    There is No Hope of Stopping the Crisis in Europe


    QUESTION: Mr Armstrong;

    A friend works for a ….. Hedge Fund. He said you could put together a team to save Europe. Would you take up such a challenge?

    Thank you for telling it the way it is.



    ANSWER: In theory, Yes, we could put together a team of people from the real world to try to put the breaks on this catastrophe. However, it is impossible at this stage to prevent the crisis. We might be able to mitigate the worst of it, but what has been set in motion must play out. Nobody reforms without the pain. There are many qualified people with real experience who could step up. Many are now asking to join our firm wanting to retire to give something back to society and see this is not going well for their posterity.

    Nonetheless, you have to face reality. Mario Draghi, is ex-Goldman Sachs and he will take his direction from them – not me. Christine Lagarde is a lawyer with no background in trading whatsoever. Besides that, I was invited by Edmond Safra to the IMF Dinner in Washington years ago to show me how the banks had the IMF in their pocket. So I highly doubt the IMF would ever listen to me after I have been critical of their role. In addition, they will fight to preserve only the bondholders – never the people. They are lobbying to make their SDR the new reserve currency and will have meetings on that starting in September in line with the ECM turning point. So this is a power-play for them which I seriously doubt they would give up to help anyone.

    So two out of three is a deal killer and the third one is an unelected politician. So in theory sure they could turn to the private sector for help, but they are not ready to raise the white flag. The best strategy we can hope for is to assist a single government when it moves into crisis to restructure to show the world the way out. That will be the only way to help by example and then perhaps you have a shot of it rippling back through the system as Britain did during the Great Depression.

    Historically, reform has never been done from the top-down so while in theory it would make sense, those at the top of the food chain are trying to retain control and power. Therefore, they will be the last to admit defeat. A country like Greece has lost everything. That would be a far better candidate to reform and their success would then lead the rest of the world. This is simply judging the potential based upon the past.


    Our computer has been forecasting that the West will decline and the Financial Capitol of the World will move to China. This is part of the process in motion. The arrogance of the Troika is right on time. So it is hard to see how any team could reverse this trend. It has been set in motion with the birth of Bretton Woods which created the IMF. It is not that all economic activity in the West will cease to exist. Britain still remains, it just no longer rules the world and the pound is no longer the reserve currency. The US dollar replaced that and it is time that the USA declines thanks to Obama handing the reigns of economic power to China.

    Also read:
    EU Openly Wants To Overthrow the Greek Government


  3. RonMamita says:

    What Secrets do PCR know?

    “the leaders of the current Greek government possibly could be assassinated in order that Washington prevents the unraveling of the EU and NATO.” -Paul Craig Roberts

    *The King World News report is more interesting and to the point but I have difficulty sharing that cloud audio recording here:

    The video below is playable but is a tedious interview to listen to:

    Look at Greece:

    And the hidden oligarchs, that the mass media rarely identifies during major policy moves…

    Behind the Troika, almost invisible, are the Greek oligarchs who have robbed the state coffers of hundreds of billions over the years, tucking it away in numbered Swiss and Lichtenstein secret bank accounts, avoiding paying a single penny tax to support their nation. And it is looking more and more as though the “leftist” economist, Varoufakis’s role is that of a Trojan Horse for the destruction of the entire Eurozone by the bankers and those Greek oligarchs. Next after Greece Italy looks poised to become victim, and that will put the entire Euro in a crisis that is today unimaginable.



  4. RonMamita says:

    posted 04 July 2015
    Greek finance minister Yanis Varoufakis tells Paul Mason his Syriza party has ‘reintroduced the concept of democracy’ to Europe with the bailout referendum.

    Tear Gas, Long ATM Lines and How Greeks Will Vote Sunday

    Posted 04 July 2015
    We Are Change

    Keiser Report: Greece pivoting from debt slavery?

    Video posted 04 July 2015
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Greek referendum, the 50 ways to not pay their creditors and the future for the “demerging” economy in which debts are repaid “parametrically.”

    In the second half, Max interviews Simon Dixon about what Bitcoin could do for Greece and whether or not, as Citi’s global chief economist says, it is the stupidest idea since Caligula made his horse a consul.

    Ici Londres: Greece! Say no!

    What is at stake is Greek national independence
    To be independent Greeks or to be slaves?

    Analyst Voula Kehagia said: “Nothing will be the same after the referendum. Even if the government manages to stay on its feet and Tsipras gets the ‘no’ he wants, many things in the country are bound to change, dramatically.”

    Our correspondent Stamatis Giannisis summed up: “This will be the eighth referendum in the history of modern Greece. As happened with most of the others, its immediate outcome may pale in significance compared to the bitter divisions it may raise in Greek society, which could last for years.”


  5. RonMamita says:

    The People’s Ballot

    ballotHEADAs the people of Greece vote in their referendum on Sunday we go to the ballot box too – to vote No to Austerity. This is the choice being taken by the people of Greece and we will vote No in solidarity with them and their struggle. (see below for London ballot details)

    No to Austerity! OXI!

    People across Britain will be holding street ballots against austerity on Saturday in solidarity with the people of Greece. Please organise one in your town or city. Vote No to Austerity – press release your results locally.

    Download ballot papers and ballot box sheets.

    London votes No to Austerity – Solidarity with the People of Greece

    As Sunday’s referendum in Greece approaches, join us on Saturday 4th July at 2pm in London’s Trafalgar Square. We will be holding our own ballot against austerity, celebrating the resistance of the Greek people and showing our solidarity with them.

    Please join us!
    The time for solidarity is now!


  6. RonMamita says:

    Greek ‘No’ vote in referendum rises to over 61% after half of votes counted

    Sunday 05 July 2015 20.30

    Over 61% of Greek voters today rejected fresh austerity demands by the country’s EU-IMF creditors in a historic referendum, official results from 50% of polling stations showed.
    Greek Prime Minister Alexis Tsipras and French President Francois Hollande held talks over the phone this evening, following the partial result.

    Mr Hollande is to meet German Chancellor Angela Merkel in Paris tomorrow to discuss the outcome of the referendum.
    …the European Union’s grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the eurozone could now be on the point of losing its first member with the risk of further unravelling to come.

    Read more:


  7. RonMamita says:

    Keiser Report: Yanis Varoufakis ‘Shane’ hero of Greece

    Video posted 07 July 2015
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Greek referendum results, financial terrorism and bail-in fears induced velocity of money.

    In the second half, Max interviews Professor Steve Keen about the Greek ‘OXI’ (No) vote and the dictatorship of the ECB.


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