Greek Energy Minister Replaced Following Bailout Objection

Greek Energy Minister Panagiotis Lafazanis was replaced by former Labor Minister Panos Skourletis over the weekend, after Lafazanis voted against a bailout deal that the Greek Prime Minister recently agreed to.

Lafazanis was one of 39 Syriza lawmakers who voted against measures demanded by creditors, which, if imposed, could unlock funding worth up to $93 billion. The sacking of the ex-energy minister was part of a larger cabinet reshuffle, which led to a flurry of new ministers being sworn in on Saturday. As part of Greece’s latest bailout deal, creditors are demanding pension reforms and tax increases, as well as a significant privatization program that could affect the country’s energy industry.

Commenting on the latest developments in the Greek parliament, Lafazanis noted that his departure from the ministry was a “difficult moment”, according to To Vima. The Greek newspaper also claimed that new energy minister Panos Skourletis has stated that the new bailout agreement was necessary in order to avert an exacerbation of the humanitarian crisis in Greece.

Reuters contributed to this article 

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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