The Wall Street Journal: Greece set to stand tough on bailout; names Marxist economist as finance minister

ATHENS — New Prime Minister Alexis Tsipras named his cabinet Tuesday, including outspoken academic and harsh bailout critic Yanis Varoufakis as finance minister, a signal that Greece’s Syriza-led coalition government will take a tough line in upcoming debt negotiations with international creditors.

The cabinet also included several appointments from the right-wing Independent Greeks party, who make up the junior partner in the coalition, awarding the coveted defense ministry to Panos Kammenos, the head of the party.

The cabinet is expected to be sworn in later Tuesday, and will assume its responsibilities immediately. The first cabinet meeting is scheduled for Wednesday.

A professor of economics, Varoufakis’ last post was at the University of Texas. He describes himself as a “libertarian Marxist” and had been recruited by the leftist Syriza party, which formed a coalition government with right-wing party Independent Greeks after Sunday’s elections.

An expanded version of this report appears on WSJ.com


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