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Greek cabinet formation signals euro commitment: Barroso

21 June 2012, 15:02 CET
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(BRUSSELS) - The formation of a new coalition government in Greece demonstrates the country's will to honour commitments and stay in the eurozone, European Commission president Jose Manuel Barroso said Thursday.

"I warmly welcome today's announcement of the formation of a new government in Greece," Barroso said in a statement.

"I am particularly reassured that the new administration will count on ample and broad-based parliamentary support," he said.

"I believe that this sends a clear signal of Greece's determination to honour its commitments and stay in the euro."

New Greek Prime Minister Antonis Samaras named the chairman of the National Bank of Greece, Vassilis Rapanos, as finance minister Thursday in a coalition cabinet that wants to renegotiate the terms of an EU-IMF bailout programme.

Barroso said that the so-called Troika of bailout programme auditors -- the European Commission, the IMF and the European Central Bank -- will return to Athens in the coming days.

The aim of their visit is to "exchange views with the new government and to begin to assess what has been done and what still needs to be done in relation to the essential reforms set out in the second economic adjustment programme for Greece."


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