In a statement published on his personal blog on Monday, Varoufakis said he was stepping down to allow Greek Prime Minister Alexis Tsipras to reach a new deal with European creditors.
Monroe, who spent his first five seasons with the Detroit Pistons, entertained offers from the Bucks, Knicks, Lakers and Portland Trail Blazers before agreeing to a three-year, $50 million maximum contract with Milwaukee.
A statement from Tsipras’ office said: “The prime minister presented three leaders [with] Greece’s proposal for a mutually beneficial agreement that will give a definitive solution and not a postponement of addressing the problem”.