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New Greek Prime Minister Antonis Samaras set to announce cabinet

Last modified: 21 Jun 2012 14:40

New Greek Prime Minister Antonis Samaras is set to announce his cabinet Thursday, a day after brokering a three-party governing coalition that ends weeks of political uncertainty in the crisis-afflicted country.

The conservative Samaras was sworn in Wednesday, pledging to restore hope to a country battered by a protracted debt crisis that has forced across-the-board cuts in incomes and public services. Greece has also been hit by soaring unemployment and a deep recession now in its fifth year.

Samaras met with the heads of his two minority coalition partners,  Evangelos Venizelos from Socialist PASOK and the smaller Democratic Left's Fotis Kouvelis, to thrash out the final details in the government's policy platform.

Prominent banker Vassilis Rapanos, who is tipped to assume the finance portfolio, took part in the meeting.

Caretaker Finance Minister Giorgos Zanias will represent Greece at Thursday's meeting of his eurozone colleagues in Luxembourg.

All three coalition parties have promised to broadly respect Greece's pledges to undertake further harsh austerity measures and reforms, conditions demanded by European partners and the International Monetary Fund in return for more bailout loans.

[AP]