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Updated | Bailout negotiator Euclid Tsakalotos named Greece’s new finance minister
Euclid Tsakalotos is an economist educated at Oxford University
From left: Outgoing finance minister Yanis Varoufakis, Prime Minister Alexis Tsipras and touted finance minister Euclid Tsakalotos
Bailout negotiator Euclid Tsakalotos has been officially named as Greece’s new finance minister, replacing Yanis Varoufakis who was “made aware of a certain preference by some Eurogroup participants, and assorted 'partners', for my… 'absence' from its meetings”.
According to Business Insider, Tsakalotos went to St Paul’s – a London private school for the elite – and went on to study Politics, Philosophy and Economics at Oxford University. He is a trained economist with a PhD from Oxford.
After an academic career, he was elected to the Greek parliament in 2012.
At the end of April he took on more responsibility for Greece's negotiations with its Eurogroup creditors, a move which was seen as sidelining Varoufakis.
“Though his politics seem, at least from the perspective of the Eurogroup, largely similar to his predecessor, the Eurogroup may find him easier to deal with — it was Varoufakis' personal style that many found jarring,” Business Insider reports.
