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New Greek premier sworn in

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Greek socialist leader George Papandreou was sworn in as the country's new Prime Minister on Tuesday.

ATHENS, October 6 (RIA Novosti) - Greek socialist leader George Papandreou was sworn in as the country's new Prime Minister on Tuesday.

His PASOK party won a majority of 160 seats in the 300-seat parliament in Sunday's election, on the back of campaign pledge to fight corruption and tackle Greece's worst economic recession in years.

Papandreou, 57, was sworn into office in an Athens ceremony led by the head of the Greek Orthodox Church Archbishop Ieronymos, and President Karolos Papoulias.

Greece is currently burdened with an increasing unemployment rate and one of the biggest public debts in the euro zone, amounting to nearly 100% of its GDP. Its budget deficit is almost twice the euro zone maximum of 3% and continues to grow.

 

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