June 18, 2011
The appointment of Socialist Evangelos Venizelos as Greece's new finance minister brings a heavyweight political operator to the country's talks with its European partners over a second aid package and promised economic reforms.
But the selection of 54-year-old Mr. Venizelos, a law professor by training who previously headed the defense ministry, also signals an attempt by Prime Minister George Papandreou to quell an internal party revolt—and rising popular anger—over those reforms.
"Venizelos carries a lot of political weight, both inside the Socialist party and in the wider public," said Anthony Livanios, an independent political analyst. "His appointment as finance minister means that Papandreou is trying to check the social upheaval we have seen in the past few days."
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