Greece’s Tsakalotos to become new finance minister

Euclid Tsakalotos Greece's Deputy Foreign Minister Interview

Euclid Tsakalotos, Greece's deputy foreign minister, speaks during a Bloomberg Television interview at his office in Athens, Greece, on Tuesday, June 30, 2015. "There has to be agreement on fiscal issues, on structural issues, on reforms, on investment and the whole package must put aside once and for all the fear of Grexit," Tsakalotos said. Photographer: Simon Dawson/Bloomberg via Getty Images

Photograph by Simon Dawson — Bloomberg via Getty Images

Greece’s top negotiator in aid talks with creditors, Euclid Tsakalotos, will be sworn in as finance minister on Monday after the resignation of Yanis Varoufakis, a Greek presidency source told Reuters.

“Tsakalotos will be sworn in with the political oath as finance minister,” the presidency official reportedly said in a statement.

Earlier Monday, former Greek finance chief Yanis Varoufakis resigned under pressure from his government and Greece’s creditors. They had seen him as an obstacle to talks on a new bailout after voters rejected lenders’ terms in a referendum on Sunday.

For more on Tsakalotos’ colorful predecessor, read These 7 Yanis Varoufakis quotes show why we’ll miss him.