Deputy Finance Minister and Larisa MP Filippos Sachinidis was sworn in as the country’s new finance minister, replacing Evangelos Venizelos who stepped down to lead Pasok, on Wednesday afternoon in the presence of President Karolos Papoulias.
“Following a decision by Prime Minister Lucas Papademos, Filippos Sachinidis is appointed Finance Minister,” the prime minister’s office said earlier.
Sachinidis was deputy finance minister in the coalition government headed by Prime Minister Lucas Papademos since November.
He held the same post in the previous Pasok government of George Papandreou.
Born in 1963, Sachanidis has a PhD in economics from Manchester University. He worked as an adviser in the economics office of Pasok prime minister Costas Simitis from 2000 to 2004.
With negotiations on the country’s second EU/IMF bailout completed earlier this month, Sachinidis, 49, will serve as finance minister for a few weeks before a general election is held in late April or early May.
Source: Reuters
