Euclid Tsakalotos sworn in as Greece's new finance minister

Greek President Prokopios Pavlopoulos and new Finance Minister Euclid Tsakalotos
(Image credit: Andreas Solaro/AFP/Getty Images)

Euclid Tsakalotos was sworn in as Greece's finance minister on Monday, after the previous officeholder, Yanis Varoufakis, abruptly resigned earlier that morning. An Oxford-educated economist, Tsakalotos was Greece's chief negotiator with creditors and is said to be adept at the finer points of eurozone etiquette. "He speaks their language better than they do," an unnamed Greek official told The Guardian. That would be a departure from the pugilistic Varoufakis, who said upon his exit, "I shall wear the creditors' loathing with pride."

On Sunday, Greece overwhelmingly voted to reject a bailout deal with its creditors, handing Prime Minister Alexis Tsipras a decisive victory and strengthening his position in negotiations.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Nico Lauricella

Nico Lauricella was editor-in-chief at TheWeek.com. He was formerly the site's deputy editor and an editor at The Huffington Post.