Greek minister takes over as Eurogroup president, marking historic turnaround

Greece’s finance minister was on Thursday named head of the Eurogroup, the body that helps shape euro zone policy, underlining his country’s turnaround since the years when it came close to crashing out of the single currency.
Kyriakos Pierrakakis saw off the rival Belgian candidate to become president of the assembly of finance ministers from the 20 countries sharing the euro.
Greece had to be bailed out three times between 2010 and 2015 by euro zone governments to avoid economic collapse after…