Friday, June 17, 2011

Greek PM jettisons finance minister in crisis reshuffle















Greek Prime Minister George Papandreou appointed a new finance minister Friday in a reshuffle to muster support for harsh economic reforms that have stoked violent unrest and split his ruling party.

The reforms are a condition for Greece receiving an international bailout to save it from a debt default that could unleash global economic turmoil.
Papandreou picked outgoing Defense Minister Evangelos Venizelos as new finance minister, jettisoning George Papaconstantinou, architect of a deeply unpopular belt-tightening program agreed in return for a bailout from the European Union and IMF.


Reuters