Greek Finance Minister Resigns Days Before EU Summit
Greek media mentioned Rapanos' history of health maladies, but the sudden instability in what has become one of the European economy's most important national ministries is undoubtedly problematic coming just three days before a scheduled European summit in which Greece would like to revisit the terms of the deeply unpopular bailout deal it struck with European authorities.
Rapanos, the chairman of the Bank of Greece, is said to have been pressured by his family not to take on such a stressful job given his health concerns. Adding injury to injury, recently-elected Greek Prime Minister Antonis Samaras has also been facing health issues, recently having surgery to repair a damaged retina which forced him to postpone a scheduled meeting today with its European lenders.
World markets declined this morning, as investors remain wary that this week's summit will provide meaningful solutions for the Eurozone's fundamental issues, and today's news from Greece should only exacerbate their concerns.
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