16:33 GMT16 May 2021
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    Euclid Tsakalotos, Greece's Alternate Foreign Minister for International and Economic Relations, has been appointed the country's new finance minister, local media reported Monday.

    MOSCOW (Sputnik) — According to the Skai radio, Tsakalotos, who headed Greece's negotiation team in talks with the creditors, will be sworn in soon, replacing Yanis Varoufakis.

    Varoufakis announced his resignation on Monday, a day after more than 61 percent of Greek voters rejected in a referendum the proposals of the country's creditors over the financial aid in exchange for economic austerity measures.

    The outgoing minister explained his decision, saying he felt that a new Greek negotiator at talks with Eurozone finance ministers would help break the current impasse.

    Athens and its major creditors – the International Monetary Fund (IMF), the European Central bank (ECB) and Eurozone countries – have been unable for months to agree on the terms of a new bailout package for cash-strapped Greece, leaving it on the brink of a euro exit.

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    Tags:
    resignation, Euclid Tsakalotos, Yanis Varoufakis, Greece
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