Debt crisis Greece swears in new finance minister tonight

His first task will be to approve a two-day extension to Greece’s capital controls.

  • Published:
Euclid Tsakalotos play

Euclid Tsakalotos

24/7 Live - Subscribe to the Pulse Newsletter!

The Greek government has announced that the new finance minister, Euclid Tsakalotos, will be sworn in by the Greek president at 8pm this evening (6pm BST).

The move will allow the Oxford-educated economist to attend tomorrow’s eurogroup meeting and present Greece’s case.

His first task will be to approve a two-day extension to Greece’s capital controls.

In an attempt to avoid financial panic, banks have been shut for a week. Greek banks will not open until July 7 after ECB capped the emergency funds keeping them running.

The son of a civil engineer who worked in the well-heeled world of Greek shipping, Tsakalotos was born in Rotterdam in 1960. When his family relocated to London, he was immediately enrolled at the exclusive London private school St Paul’s. A place at Oxford, where he studied PPE, ensued. The hurly burly world of radical left politics could not have been further away.

Recommended Articles

Recommended Videos





Top Articles

1 VIDEO & PHOTOS Fire guts Dr. Nduom's Coconut Groove Regency Hotelbullet
2 Regency Hotel fire outbreak Fire Service brought empty fire tenders to...bullet
3 Dud Cheques Ibrahim Mahama ordered by EOCO to pay state GHC12.7 millionbullet
4 Conflict 17 year-old killed in Nkonya, Alavanyo clashesbullet
5 Dud Cheques Sam George claims government owes Ibrahim Mahama...bullet
6 Labour Unrest Labour Minister calls for dialogue with JUSSAG...bullet
7 Security Ghana Armed Forces resumes 2017 recruitment exercisebullet
8 Boozing Galore Scores of drunken youth pass out at stadium...bullet
9 Accountability PAC to consider four reports on first...bullet
10 Kumasi City Mall Launch How Ghana Twitter took the...bullet

Top Videos

1 TRAGEDY Fire guts Coconut Grove Hotelbullet
2 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet
3 Nigerians stop deportation of chained compatriot in KLM flightbullet
4 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu...bullet
5 Twitter Reacts Pepsi faces backlash over silly advertbullet
6 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
7 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
8 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
9 Vitiligo Enam Honya - is challenging what you think...bullet
10 Meet "The Beast" President Obama's Cadillac that's...bullet

News