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Greece's New Finance Minister Quits

Vassilis Rapanos steps down days after being named to post

By Evann Gastaldo,  Newser Staff

Posted Jun 25, 2012 11:22 AM CDT

(Newser) – It may not be an encouraging sign for Greece's financial affairs, but the country's brand-new finance minister is resigning, Bloomberg reports. Prime Minister Antonis Samaras accepted Vassilis Rapanos' resignation today, according to a text message from the premier’s office. Rapanos had just been named the new minister last week, but was hospitalized Friday after collapsing. The AP reports that he's still in the hospital with abdominal pain, dizziness, and nausea, but will be released tomorrow.

Given that Samaras himself was just released from the hospital today following eye surgery and will miss this week's EU summit, Germany is working to lower expectations that the summit will make much progress on Greece. Outgoing Finance Minister Giorgos Zanias will attend; he technically still holds the position since Rapanos was not sworn in before becoming ill.

Newly appointed Greek Finance Minister Vasilis Rapanos  arrives for  the first cabinet meeting of the new government at the Parliament  in Athens, Thursday, June 21, 2012.
Newly appointed Greek Finance Minister Vasilis Rapanos arrives for the first cabinet meeting of the new government at the Parliament in Athens, Thursday, June 21, 2012.   (AP Photo/Kostas Tsironis)
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COMMENTS
Showing 1 of 1 comment
RidersOnTheStorm
Jun 25, 2012 1:50 PM CDT
This is what happened to Rapanos http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/Rapanos.jpg  when he saw the inside of Greek Finance Ministry http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/Athens%20FinMin_1.jpg  -courtesy of WilliamBanzai -Hat tip to Zero Hedge
 

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