Greece’s Cabinet sworn in following election win for conservatives

Greece’s Cabinet sworn in following election win for conservatives

Greece's New Democracy party leader Kyrikos Mitsotakis was sworn in as prime minister on Monday, following snap elections that saw him defeat left-wing Alexis Tsipras.

Mitsotakis's new Cabinet will rely heavily on experienced politicians who served in previous conservative governments.

Conservative Mitsotakis has vowed to renegotiate the fiscal targets set by the European Union on Greece's economic trajectory in the next few years.

"Our central aim is to create the conditions for a high and sustainable development with healthy public finances and a stable banking sector", Staikouras said during the handover of the ministry from his predecessor, Euclid Tsakalotos.

"We will go ahead with relieving the tax burden on households and businesses", Mr Staikouras said. "We will promote production, productivity, competitiveness, quality, adaptability and an outward looking approach of our economy".

Eurogroup chief Mario Centeno on Monday however urged the new Greek government to stick to the reforms and public spending commitments agreed by Athens with its eurozone creditors in return for the bailouts.

Euro area finance ministers meeting hours later in Brussels said key targets already agreed with Athens would not be changed.

"Commitments commitments. If we break them, reliability is the first thing that breaks down, which leads to a lack of trust and investment, and finally to a lack of growth". The economist and engineer served as deputy minister in a previous government.

Unemployment and poverty levels soared in the country. That condition has shackled government spending and, critics say, stifled the country's recovery.

As a result of those agreements, Greece remains under strict surveillance from its euro partners. Most of the members of the new cabinet who were not candidates in Sunday's elections, are newcomers in politics.

Trying to show he's open to naming people outside New Democracy, Mitsotakis put former Socialist Michalis Chrysochoidis in the spot of Citizens Protection Minister after the Premier said he wanted to end asylum on college grounds and would go hard after violence and anarchists who rampaged freely under Tsipras and SYRIZA.