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Europe Live Saturday 25th May 2013

Ministerial Reshuffle

26th March 2012

On 19th March the Greek Finance Minister Evangelos Venizelos resigned from office so that he could take over leadership of PASOK (Socialist Party) which he was elected chairman of on 18th March. He was replaced on 21st March by his Deputy, Filippos Sachinidis who will ensure an interim of several weeks before the general elections take place. These are being planned to take place in about one month's time, although the exact date has yet to be set. At the same time as this reshuffle Greek MPs ratified the second rescue plan during the night of 20th to 21st March that was concluded with the euro zone States, which are due to provide 172 billion euros to the country in the shape of loans.

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