Greek deputy finance minister resigns before bailout vote

FXStreet (Córdoba) - Greek deputy finance minister, Nadia Valavani, has resigned just hours before the parliament votes on the bailout package.

Valavani told PM Alexis Tsipras that it is “impossible” for her to keep serving in his government, given the austerity measures he had agreed to. Greek finance ministry secretary general Manos Manousakis also quit today.

The Greek Parliament needs to pass the bailout agreement, which includes tough austerity measures, in order to secure a deal with lenders and start discussing technical details and bridge financing.