Tsakalotos stays on as Greek finance minister

AP News
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Posted: Sep 22, 2015 5:23 PM
Tsakalotos stays on as Greek finance minister

ATHENS, Greece (AP) — Greece's newly re-elected left-wing government has retained Euclid Tsakalotos as finance minister to continue tough negotiations with other eurozone countries on the terms of a large new bailout deal.

The new Cabinet of Prime Minister Alexis Tsipras was announced late Monday, and included few major changes to ministry posts.

Tsakalotos, 55, led the final stages of talks between the Tsipras government and bailout lenders of the 86-billion-euro ($96 billion) bailout, after Athens abandoned a more combative stance toward creditors and agreed to implement new austerity measures.

Despite Tsipras' U-turn, he was re-elected by a wide margin at a weekend general election, and again formed a coalition government with a small right-wing party, the Independent Greeks.