Euclid Tsakalotos sworn in as Greece's new finance minister


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.
You can read more about Tsakalotos' aristocratic upbringing at The Guardian.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

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.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Nico Lauricella was editor-in-chief at TheWeek.com. He was formerly the site's deputy editor and an editor at The Huffington Post.
-
'Trucking is a dangerous business'
Instant Opinion Opinion, comment and editorials of the day
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Higher toy prices from Trump's tariffs have arrived
In the Spotlight Three out of four toy products in the US come from China
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read