Greek finance minister resigns for health reasons

@CNNMoneyInvest June 25, 2012: 3:19 PM ET
Vassilis Rapanos

Greek finance minister Vassilis Rapanos resigned Monday for health reasons.

NEW YORK (CNNMoney) -- Greek finance minister Vassilis Rapanos has resigned for health reasons, the Greek government said Monday.

Prime Minister Antonis Samaras accepted Rapanos' resignation, according to a statement from the prime minister's office.

Rapanos was hospitalized Friday after suffering from acute nausea and dizziness.

The development is a potential set-back for the new government in Athens, which has been in power for less than one week.

The coalition has promised to honor Greece's financial commitments, but it is also expected to renegotiate the terms of the nation's bailout package.

Rapanos' resignation comes ahead of a key meeting of European Union leaders on Thursday and Friday.

Samaras, who was hospitalized last week for eye surgery, is not expected to attend the summit in Brussels.  To top of page

Index Last Change % Change
Dow 16,501.65 0.00 0.00%
Nasdaq 4,148.34 21.37 0.52%
S&P 500 1,878.61 3.22 0.17%
Treasuries 2.69 0.00 0.07%
Data as of 7:12pm ET
Company Price Change % Change
Facebook Inc 60.87 -0.49 -0.80%
Bank of America Corp... 16.34 -0.03 -0.18%
Microsoft Corp 39.86 0.17 0.43%
Verizon Communicatio... 46.28 -1.15 -2.42%
Micron Technology In... 26.16 -0.09 -0.34%
Data as of 4:01pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.24%4.32%
15 yr fixed3.25%3.36%
5/1 ARM3.27%3.37%
30 yr refi4.28%4.31%
15 yr refi3.30%3.34%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.