As U.S. Influence Wanes, Is Europe Ready for a Global Euro?
The global monetary and financial landscape usually remains stable, with changes being rare and significant when they do happen
The latest reform proposals, which were submitted by the Greek government to the eurozone on Thursday, may lead to the resignation of Energy Minister Panagiotis Lafazanis.
According to media reports, the Minister of Productive Reconstruction, Energy and Environment may have offered his resignation to Greek Prime Minister Alexis Tsipras, the Greek Reporter informs.
Lafazanis, who heads the left wing of the main governing party SYRIZA, disagreed with the list of reform proposals sent to the creditors and the document was not signed by him.
The Left Platform leader called for an agreement respecting the country and the dignity of the people and dismissed a new memorandum that will amount to surrender, looting and subordination.
Lafazanis expressed firm opposition to a third memorandum of harsh austerity, suffering and deprivation as has been the case with the previous two bailout agreements.
In order for Greece to avoid default and exit from the eurozone, the country will have to fulfill certain reforms in order to be granted a new bailout of EUR 53.5 B.
Members of SYRIZA dismissed the rumours of the minister's resignation early on Friday, but no official announcement has been made yet.
The Greek government has already witnessed one resignation this week, with Finance Minister Yanis Varoufakis stepping down on Monday just hours after Greek citizens rejected the proposal of the creditors in a referendum last Sunday.
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