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Greece announces government reshuffle in fallout from European election defeat


Greece

Greece announces government reshuffle in fallout from European election defeat

Last month’s poor showing in European parliamentary elections has prompted a government reshuffle in Greece.

A spokesperson for the ruling New Democracy party announced that eight ministers out of twenty have been replaced.The key change is a new face at the finance ministry

Gikas Hardouvelis is a US-trained chief economist at Eurobank who has already served as advisor to two previous governments. His experience will be drawn upon in negotiations for a possible third international bailout later this year.

He is replacing Yannis Stournaras who is tipped to take over the governorship of the Bank of Greece

Prime Minister Antonis Samaras’s reshuffled cabinet is dominated by MPs from his own party with a few from his socialist coalition partner, PASOK.

Far-left opposition party Syriza which defeated Samaras in the EU elections has dismissed the changes as irrelevant.

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