By Magda Panoutsopoulou

ATHENS

Greece’s chief bailout negotiator Euclid Tsakalotos on Monday was named as finance minister to replace Yanis Varoufakis, who unexpectedly resigned earlier in the day.

Tsakalotos, 55, is an economist turned politician who has been a Syriza lawmaker since 2012.

He will travel to Brussels with Prime Minister Alexis Tsipras on Tuesday to present new proposals to the Eurogroup on handling Greece’s financial crisis.