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Greek Prime Minister George Papandreou has named a new finance minister in
a cabinet reshuffle designed to tackle the country's crippling debt crisis.
A government spokesman announced Friday that current Defense Minister
Evangelos Venizelos will be the new finance minister, replacing George
Papaconstantinou, who moves to the environment ministry.
European Union economic chief Olli Rehn said Thursday he is confident
eurozone ministers will grant a $17 billion loan payment to Greece to prevent
Athens from defaulting on its debt.
Greece has promised to carry out economic reforms in exchange for last
year's $160 billion bailout from the EU and International Monetary Fund.
Two ruling Socialist Party members of parliament quit Thursday to protest
Mr. Papandreou's handling of the of the economic crisis. Greeks have turned out
in droves to a series of nationwide protests against the economy and austerity
measures, outraged that they are being asked to make more sacrifices. |
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