Tsakalotos has a huge bag of issues to deal with as the new finance minister. It will be his job to figure out the mess the country is currently in after the citizens of Greece rejected their creditors' bailout plan in a referendum. Sputnik takes a closer look at the new finance minister and how his appointment might affect the crisis-stricken Hellenic Republic.
Some critics argue that Tsakalotos has more in common with the political circles of Westminster, rather than those of average Greek citizens. His educational credentials certainly hint that.
After his graduation in 1989, Tsakalotos taught economics at the University of Kent for several years. In the mid-1990s, Tsakalotos returned back to his native Greece to continue his academic career, teaching economics at Athens University of Economics and Business and at the National and Kapodistrian University of Athens.
The new finance minister is without a doubt an accomplished economist. He authored and co-authored several books and many academic papers on Greek economic policy and the Eurozone crisis. He certainly knows what he needs to do to save his country, well at least theoretically as most academics do.