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 remarks on his work as Minister and Tsakalotos spoke about the future. Varoufakis had kind words for Tsakalotos, with their academic relationship dating back to more than fifteen years and with whom Varoufakis said he shares a common ideology. The now former Finance Minister also spoke about his aspirations for the Ministry. “We believe that until September there will be a significant blow to tax evasion in Greece. There will be important findings that will be converted into public revenue,” Varoufakis said. Tsakalotos thanked Varoufakis for his kind words as well as for all the work he has done as Minister and insisted that he has improved the country’s negotiations with the institutions. “I am taking over the Finance Ministry at a pivotal moment. I would be lying if I told you that I am not nervous,” he said. The new Finance Minister called Sunday’s referendum result a “historic financial moment” that will be written in European history and expressed his support for the collective efforts to combat the country’s crisis.
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