News24

Greece's finance minister resigns

2012-06-25 18:57

Athens - Greece's designated finance minister resigned on Monday after being rushed to the hospital on Friday, the prime minister's office said.

Vassilis Rapanos, chairperson of the National Bank of Greece, had been named finance minister last week in the country's new three-party coalition government.

But he was taken ill before he could be sworn in on Friday and has been in hospital ever since.

Rapanos has sent a letter of resignation to Prime Minister Antonis Samaras and that was accepted.

The startling development came as Germany tamped down expectations that this week's European Union summit would emerge with any significant action on Greece as the debt-strapped nation's two key politicians struggled with health problems.

Samaras himself was released from hospital on Monday after undergoing eye surgery to repair a detached retina over the weekend, but will have to stay home for several days and won't be able to travel to Brussels for the EU summit.

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