Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece’s new Finance Minister after the resignation of Yanis Varoufakis.
Tsakalotos was Alternate Minister of International Financial Affairs and had been appointed as chief of Greece’s negotiating team after lenders and several Eurozone finance ministers had expressed their displeasure with Varoufakis’ attitude.
Tsakalotos, a close friend of Yanis Varoufakis, was born in 1960 in Rotterdam, the Netherlands. He studied Economics, Politics and Philosophy at the Universities of Oxford and Sussex, and completed his PhD in 1989 at the University of Oxford.
From 1989 to 1990, he worked as a researcher at the University of Kent and later taught at the Universities of Kent (October 1990 – June 1993) and Athens University of Economics and Business (October 1994 – September 2010). Since 2010, he is Professor of Economics at the National Kapodistrian University of Athens.
He is the author of six books and editor of three edited volumes. He has published numerous articles in economic journals, as well as political articles in newspapers and magazines. His published articles also include participation in fifteen collective volumes.
In May 2012 he was elected a SYRIZA MP in Athens and he was re-elected in January 2015. He served as a member of the Central Political Committee and the Political Secretariat of SYRIZA and member of the Executive Committee of POSDEP (Hellenic Federation of University Teachers’ Associations). He is a member of SYRIZA‘s Central Committee.
He is the nephew of decorated General of the Greek Army Thrasyvoulos Tsakalotos who participated in World War I, the Greco-Turkish War of 1919–1922 and World War II, rising to become Chief of the Hellenic Army General Staff (HAGF) and played a significant role during the Greek Civil War.