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Greek FinMin Euclid Tsakalotos: Upbeat and Relieved After Eurogroup

Greek Finance Minister Euclid Tsakalotos kicked off his press conference following the May 9 extraordinary Eurogroup meeting on Greece with optimism. "This was a very good eurogroup for Greece, and I think a very good eurogroup for Europe." Speaking on...

Euclid Tsakalotos Against ECOFIN Decisions for Portugal and Spain

The ECOFIN decided on Tuesday to launch excessive deficit procedures for Portugal and Spain. Greece's Finance Minister Euclid Tsakalotos argued against the decisions, but did not have sufficient backing to block the procedures against both countries, that Tsakalotos notes...

Euclid Tsakalotos Takes Over Greek Finance Ministry

The Greek Finance Ministry had a change in leadership on Monday after Yanis Varoufakis resigned from his post and Euclid Tsakalotos was officially inaugurated as the new Finance Minister. The two men held a joint press conference in which Varoufakis made...

Euclid Tsakalotos Is the New Finance Minister of Greece

Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece's new Finance Minister after the resignation of Yanis Varoufakis. Tsakalotos was Alternate Minister of International Financial Affairs and had been appointed as chief of Greece's negotiating team after lenders...

Euclid Tsakalotos: 'Institutions' Greater Flexibility Would Be A Great Idea'

Greece's Alternate Minister for International Economic Relations Euclid Tsakalotos presented on Tuesday his own version of what caused the breakdown in talks between Greece and creditors. According to the Greek negotiating team's head coordinator, at least part of the problem was a...

Euclid Tsakalotos: Who Is the Greek Economist that Sidelined Superstar Yanis Varoufakis

Greek Prime Minister Alexis Tsipras' decision to practically replace the head of the negotiating team with its European partners by sidelining controversial Finance Minister Yanis Varoufakis and replacing him with the low profile Alternate Foreign Minister for International Economic Relations Euclid Tsakalotos may...

Greek Finance Minister Tsakalotos Says SYRIZA Government Made Mistakes in 2015

Speaking at an event in Paris on Wednesday evening, Greek Finance Minister Euclid Tsakalotos admitted that the SYRIZA government made mistakes during the 2015 negotiations with European and international creditors of Greece. Tsakalotos said in front of an audience at the...

Tsakalotos: Greek Banks in Danger if Home Auctions don't Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...

Lagarde and Tsakalotos Agree on Timely Completion of Greek Third Review

Christine Lagarde and Greek Finance Minister Euclid Tsakalotos agreed that a timely completion of the third review of the Greek bailout is essential for discussions on debt restructuring to gather pace. The Managing Director met Tsakalotos at the IMF headquarters...

Greek FinMin Tsakalotos to Meet with IMF Chief Christine Lagarde

Greek Finance Minister Euclid Tsakalotos and his deputy, George Chouliarakis, will meet with the head of the International Monetary Fund, Christine Lagarde on Saturday. The meeting will be held in Washington on the sidelines of the IMF’s annual meeting. The meeting...

Greek FinMin Tsakalotos: The Third Review will Conclude on Time

Finance Minister Euclid Tsakalotos referred to the new environment created for the Greek economy, the conclusion of the third review and the country's exit from the crisis in an interview with the Sunday newspaper Nea Selida. Tsakalotos expressed his certainty...

FinMin Tsakalotos: Investments in Greece to Become ‘Too Large to Absorb’

Greek Finance Minister Euclid Tsakalotos predicted that in the next two years Greece would be overwhelmed by foreign investment that could become difficult to absorb. In an interview with private TV station ANT1 on Wednesday evening, Tsakalotos brushed aside concerns...

Tsakalotos: Greece Likely not to Need Precautionary Credit Line After Program Ends

Greece and its creditors believe that the country will not need a precautionary credit line after its aid program is completed in August 2018, Finance Minister Euclid Tsakalotos said on Friday after a meeting of euro zone ministers in...

Greek Fin Min Tsakalotos to Remain in his Post Until August 2018

Government spokesman Dimitris Tzanakopoulos said that Finance minister Euclid Tsakalotos will most certainly remain in his post until the end of the upcoming bailout negotiations with Greece's international lenders in August 2018. "I'm certain that Mr. Tsakalotos will be negotiating...

Tsakalotos: Greece does not Question the Programme's Statistics

The Greek government doesn't question the quality of the statistical data on which the country's adjustment programme is based on, Finance Minister Euclid Tsakalotos was quoted as telling the German newspaper Die Zeit. Tsakalotos was commenting on an article about...