Leader of The People's Party
After the execution of Dimitrios Gounaris the People's Party's leader, Tsaldaris was elected by the party members as their leader in 1922. In the elections of 1923 the party didn't take part and Tsaldaris protested against the persecution of right-wing politicians. In the plebiscite of 1924, he supported King George II. During the Pangalos dictatorship, Tsaldaris refused to collaborate with the general's regime. After the elections of 1926, Tsaldaris participated in the government of national unity of Alexandros Zaimis (as minister of National Economy, of Education and of Interior Affairs), but he submitted his resignation in August 1927, because of a disagreement concerning the currency policy of the government.
During the 1928-1932 government of the Liberal Party and of its leader, Eleftherios Venizelos, Panagis Tsaldaris was leader of the Opposition, as the leader of the second biggest party Parliament. In 1932, he turned down Venizelos' proposition to lead a government of national unity.
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