Yannis Stournaras took oath as the New Finance Minister of Greece

Yannis Stournaras took oath as the new finance minister of Greece on 5 July 2012. He succeeded Vassilis Rapanos. Yannis took his oath in his office with the two deputy ministers. He was the former Governor of European Investment Banking. He was the development Minister in the caretaker government of Greece. He was also the part of the team that negotiates Greece's entry to the Zone of Euro.

He was the general director of the Foundation for Economic and Industrial Research in Greece (IOBE). He was the researcher and Lecturer in St. Catherine’s Collegein Oxford University from the year 1982-1986. He was the Professor of Economics in Athens University since 1989.

He performed as Vice Chairman of the Public Gas Corporation from 1994 to 1997 and he was the member of the Board of Directors of the Public Debt Management Office from 1998 to 2000.  In addition, he was the managing Director of Kappa Securities in Athens. He was the Chairman and Chief Executive Officer of Emporiki Bank and Vice-Chairman of the Association of Greek Banks.

Yannis Stournaras had completed his graduation from the Department of Economics at Athens University. He had completed is post graduation in Economic Theory and Policy from Oxford University.