Greece's controversial Finance Minister Yanis Varoufakis stepped down
in a surprise move on Monday July 06,2015, one day after Greeks rejected a European
bailout proposal in a national referendum.
Yanis Varoufakis handed in his resignation to help negotiations and facilitate Prime Minister Alexis Tsipras' efforts to reach an agreement with Greece's lenders during crucial talks with the Eurogroup
Outgoing Greek Finance Minister Yanis Varoufakis, left, and newly appointed Finance Minister Euclid Tsakalotos
Enter Euclid Tsakalotos, who until Monday July 06,2015 was in charge of international economic relations as the Deputy Minister of Foreign Affairs.The new finance minister is an accomplished economist with a remarkable resume and has been a member of Syriza for at least a decade. Since 2012, he has served as a member of parliament for his party, and became deputy minister of foreign affairs after Syriza's election victory in January 2015.
Born in 1960 in Rotterdam, the Netherlands, Tsakalotos comes from a family that included a Greek general who held a prominent position during World War II and Greece's civil war.In his early years, Tsakalotos' family moved to England, where he attended the prestigious St. Paul's school. He went on to read Politics, Philosophy and Economics at Oxford, where he also completed his PhD in economics in 1989, and later taught at the University of Kent
When Tsakalotos came back to Greece in the early 1990s, along with his wife, the Scottish economist Heather Denise Gibson, he taught at the Athens Economic University. He has published several books and articles on the subject of the Greek crisis and why it happened. His writing has followed communist and liberal traditions, promoting the idea of contemporary societies' liberation in the latest crisis of capitalism.
Yanis Varoufakis handed in his resignation to help negotiations and facilitate Prime Minister Alexis Tsipras' efforts to reach an agreement with Greece's lenders during crucial talks with the Eurogroup
Outgoing Greek Finance Minister Yanis Varoufakis, left, and newly appointed Finance Minister Euclid Tsakalotos
Greece's Prime
Minister Alexis Tsipras, left, Greek President Prokopis Pavlopoulos,
center, and the new Greek Finance Minister Euclid Tsakalotos
Enter Euclid Tsakalotos, who until Monday July 06,2015 was in charge of international economic relations as the Deputy Minister of Foreign Affairs.The new finance minister is an accomplished economist with a remarkable resume and has been a member of Syriza for at least a decade. Since 2012, he has served as a member of parliament for his party, and became deputy minister of foreign affairs after Syriza's election victory in January 2015.
Born in 1960 in Rotterdam, the Netherlands, Tsakalotos comes from a family that included a Greek general who held a prominent position during World War II and Greece's civil war.In his early years, Tsakalotos' family moved to England, where he attended the prestigious St. Paul's school. He went on to read Politics, Philosophy and Economics at Oxford, where he also completed his PhD in economics in 1989, and later taught at the University of Kent
When Tsakalotos came back to Greece in the early 1990s, along with his wife, the Scottish economist Heather Denise Gibson, he taught at the Athens Economic University. He has published several books and articles on the subject of the Greek crisis and why it happened. His writing has followed communist and liberal traditions, promoting the idea of contemporary societies' liberation in the latest crisis of capitalism.
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