Athens/Brussels/Paris: Greece on Monday appointed a new finance minister after Yanis Varoufakis announced his resignation even as the country voted “No” to a bailout offer in a landmark referendum. Heads of European institutions held a teleconference to discuss the consequences of the historic vote.

Euclid Tsakalotos, the deputy foreign minister of international economic affairs and chief coordinator of the country's negotiating team over the debt deal with lenders, replaced Varoufakis. He will be sworn in at the presidential mansion in the evening, an official announcement said.