Profile: Greece's new Finance Minister Yanis Varoufakis

Yanis Varoufakis, who was appointed as Minister of Finance on Tuesday in Greece's new Left- led ruling coalition, is a newcomer in politics.

Political analysts in Athens considered him as a realist who will be most likely a hard bargainer in negotiations with Greece's creditors over SYRIZA's request for a new restructuring of the sovereign debt load.

He has stressed that an exit from the eurozone was not an option for SYRIZA's government.

A Professor of Economic Theory at the University of Athens over the past 15 years he was elected for the first time as a SYRIZA deputy in the Greek parliament in Sunday's election.

The 53-year old economist became well known in Greece and abroad through his lectures, books and opinion articles on the management of the debt crisis in recent years.

Born in Athens with studies in Britain, Varoufakis holds an Economics Doctorate from the University of Essex (1987).

Ever since he has taught at the University of Essex, the University of East Anglia, the University of Cambridge, the University of Glasgow and the University of Sydney (he is of dual Greek- Australian nationality).

Since 2013 he has been teaching at the Lyndon B. Johnson School of Public Affairs at the University of Texas. Enditem