The Greek government has named Euclid Tsakalotos as the country's new finance minister, a day ahead of an emergency meeting with creditors in Brussels. The 55-year-old economist was Prime Minister Alexis Tsipras' lead bailout negotiator in talks that halted last month before Tsipras called for yesterday's referendum. Tsakalotos replaces fellow economist Yanis Varoufakis, who quit earlier today, saying his departure would help bailout negotiations reach an agreement. How the news is being received, and how Tsakalotos is being described:
- Business Insider: "Tsakalotos is an Oxford-educated university professor, and has been described as the 'big brain' of economic policy' for Greece's Syriza government."