By The Global Journal | June 22, 2012 - 09:00 GMT
Antonis Samaras, the new Prime Minister of Greece, promised to pull the country back from defaulting during his new government’s first meeting yesterday (June 21, 2012). He also mentioned that the cabinet would attempt to modify the terms of the bailout deal concluded with other European powers.
Samaras was sworn in on Wednesday after his party, New Democracy, won the legislative elections last weekend, with the bailout issue being one of the most contentious point of the electoral campaign. Samaras vowed to lead an ‘exemplary’ cabinet, explaining his sole aim is to “to lift the country out of the crisis.”
A coalition of conservative, socialist and moderate leftist parties makes up the new government. In a joint statement, they all declared their goal is “to revise [the] terms of the loan agreement without endangering the country's European course and its place in the euro."
The declaration was followed by Eurogroup head Jean-Claude Juncker’s promise that the ‘troika’ of creditors to Greece (the European Central Bank, the European Commission and the International Monetary Fund) would consider ‘updating’ the bailout deal on Monday.
The terms of the bailout are considered to be extremely harsh on the Greek population. Many, including Georges Papandreou in an exclusive interview with the Global Journal on Wednesday, have denounced the management of the Greek crisis by the eurozone’s Franco-German tandem.
WIth AFP (Photo ©DR)
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