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October 4, 2022

New Greek PM sworn in, cabinet set to follow

ATHENS – Greek socialist leader George Papandreou was sworn in as prime minister yesterday and was expected to announce within hours a leaner cabinet focused on taking Greece out of an economic crisis. With his hand on the Bible, the PASOK leader was sworn in by Greece’s archbishop Ieronymos in a solemn ceremony at the presidential mansion.

Papandreou was expected to appoint a mix of senior members of his party and fresh names with international experience in a tight team, splitting the finance and economy jobs but joining the environment and energy portfolios into one. The move to split the ministry of national economy and finance was meant to signal that fighting the economic crisis was the government’s top priority, analysts said.

PASOK shadow economy minister Louka Katseli and the party’s spokesman George Papaconstantinou were most likely to get the economy or finance posts, Greek media said. PASOK won Sunday’s snap election with a comfortable majority, gaining 160 seats out of 300 in parliament which should make it easier for the new government to implement its promised 3 billion euro stimulus package. Fitch Ratings has said that Greece cannot afford the stimulus package because it is too indebted.

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