After the Greek Finance Minister Yanis Varoufakis' surprise resignation Monday—despite a victory for his anti-austerity stance in the weekend's referendum—analysts are wondering whether Athens can now strike a deal with its lenders.
The combative minister announced Monday he was a "minister no more," a day after Greeks rejected creditors' reform proposals with a resounding "no" vote.
Speaking to CNBC in Athens as the news emerged, George Katrougalos, Greece's minister for administrative reform, said Varoufakis wanted to help Prime Minister Alexis Tsipras get a "fresh start" for talks on reforms.
"I think that he has done a great job and I suppose he wanted to facilitate this fresh start that the prime minister wanted to give the negotiations. We want a compromise, a fair and equitable compromise," he said.
"From the beginning, what we wanted was a fair compromise that could be accepted by both parties. … Europe knows now that the Greek people want a deal, but not the continuation of austerity," he added.