![Emblematic former finance minister Dimitris Tsovolas has passed away](https://www.ot.gr/wp-content/uploads/2022/02/tsovolas-1-768x432-1.jpg)
Dimitris Tsovolas passed away at the age of 79, after a difficult battle with cancer.
Dimitris Tsovolas was hospitalized in the last few days at the Attica Hospital. He was intubated in the Intensive Care Unit of the hospital.
He was born in 1942 in Melissourgoi, Arta.
He had studied law at the Aristotle University of Thessaloniki and was a distinguished lawyer.
He was married to Katerina Gioti and has two children.
Political career
He was a founding member of socialist party PASOK, was first elected MP for Arta with PASOK in 1977, and was easily re-elected in 1981 and again in 1985. PASOK came to power in 1981 and remained in power on and off for twenty years.
He remained in the Ministry of Finance during the first eight years of the government of Andreas Papandreou, as Deputy Minister (1981-1984), Deputy Minister (1984-1985) and Minister during the period 1985-1989. He was the most popular Minister of Finance of the post-junta era and to this day his name is surrounded by nostalgia because of the popular policies he implemented.
Tsovolas was able to pursue a benefit policy only after 1987, when the Minister of National Economy, Costas Simitis, who had implemented the austerity stabilization program since 1985, was removed from the government.
From 2004 he decided to leave politics and deal exclusively with law.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Greece’s Labor Market Trends; Job Vacancies Surge](https://www.ot.gr/wp-content/uploads/2024/04/ot_tourismos_ergazom-600x352.png)
Greece’s Labor Market Trends; Job Vacancies Surge
According to the latest data job openings soared to a record high of 70,826 positions in the first quarter of 2024, marking a remarkable 115.6% annual increase.
![Eurostat: Inflation in Greece and Euro area at 2.5% in June](https://www.ot.gr/wp-content/uploads/2024/07/inflation-2048x1365-1-600x400.jpg)
Eurostat: Inflation in Greece and Euro area at 2.5% in June
Final figures on inflation for Greece came in slightly worse than the preliminary figure of 2.4%, released by ELSTAT at the start of July
![Greece Acts to Protect Consumers amid Soaring Electricity Prices](https://www.ot.gr/wp-content/uploads/2024/07/photo_2024-07-17_16-15-21-600x399.jpg)
Greece Acts to Protect Consumers amid Soaring Electricity Prices
Skylakakis outlined the government's initiatives but withheld specifics regarding the emergency tax and bill subsidies, which are slated for finalization by late July.
![Cruise Industry Opposes New EU Plan for Piraeus Port](https://www.ot.gr/wp-content/uploads/2024/07/396121953_881827319967534_9198009856198617419_n-1024x793-1024x793-1-1-600x465.jpg)
Cruise Industry Opposes New EU Plan for Piraeus Port
According to the Plan, cruise ship passengers will be transported by shuttle boats from Piraeus port to the Peace and Friendship Stadium (SEF), so that they can then travel to Athens
![Greek State to Reopen 3.875% Bond on Wed.](https://www.ot.gr/wp-content/uploads/2024/07/bonds-2048x1365-1-600x400.jpg)
Greek State to Reopen 3.875% Bond on Wed.
Bond of 3.875% is set to mature on March 12, 2029
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates