Pro-austerity government formed in Greece by New Democracy, PASOK and the Democratic Left

[smurfy]

[url]http://www.bbc.co.uk/news/world-18524252[/url]

[quote=BBC News][B]Antonis Samaras, the leader of the New Democracy party, which won Sunday's election, has been sworn in as the country's new prime minister.[/B]

The ceremony came shortly after he agreed a coalition government with the Socialists (Pasok) and the smaller leftist party, the Democratic Left.

Mr Samaras took the oath at a Greek Orthodox ceremony in Athens.

He vowed his government would do whatever it could to tackle an economic crisis that has shaken the eurozone.

"Tomorrow I will ask for the new government to be formed - [we will] work hard so we can give hope to our people," Mr Samaras said.

The coalition deal follows weeks of uncertainty, after parties failed to agree a government on the results of an election on 6 May.

But the new coalition is expected to come under immediate pressure from a Greek public weary of five years of recession and increasingly resistant to the tough terms of Greece's huge bailout from the EU and International Monetary Fund (IMF).

Syriza - the leftist party that came second in Sunday's poll - will be a defiant voice of opposition, correspondents say.

[B]Bailout 'renegotiation'[/B]

Mr Samaras took the oath of office at a brief ceremony at the presidential palace in Athens, presided over by chanting Orthodox Greek priests.

More detail on the make-up of the cabinet will become known later on Wednesday.

Earlier, announcing the coalition deal, Pasok leader Evangelos Venizelos said the three parties in the new coalition had "taken on the burden of responsibility to renegotiate the bailout agreement and [the job] of exiting Greece from the crisis".

Mr Venizelos said Greece would be represented by outgoing Finance Minister Giorgos Zanias at a meeting of eurozone finance ministers in Luxembourg on Thursday.

The BBC's Andrew Walker in Brussels says European leaders will be relieved that there is now a Greek government to negotiate with, but concern about what they will be asking for.

European leaders have indicated that there is limited room for manoeuvre on the bailout.

But even those parties joining the coalition have said they do want changes to the bailout deal - and in particular the junior member, the Democratic Left.

Additional pressure will come from Syriza, which strongly opposes the tough austerity measures required under the bailout deal.

There have been many street demonstrations - sometimes violent - by Greeks angered by the job losses, pay cuts and reduced welfare resulting from the bailout.

Greece got an initial EU-IMF package worth 110bn euros (£89bn; $138bn) in 2010, then a follow-up this year worth 130bn euros.

Greece has also had 107bn euros (£86bn; $135bn) of debt, held by private investors, written off.

New Democracy won 129 seats in Greece's 300-seat parliament on Sunday, followed by Syriza with 71, Pasok with 33 and the Democratic Left with 17.

Between them, New Democracy, Pasok and Democratic Left would have a majority of 29.[/quote]

[Ridge]

Best possible outcome, really. Hope they can get things sorted out without too much loss for anybody.

[myon]

This whole thing in Greece have reminded me about Fallout due to the good/bad ending :v: Let's hope this will set balance in their economy again