Thursday, June 21, 2012

Greece Appoints New Prime Minister

June 21, 2012

Greece Appoints New Prime Minister

The Greek parliament appointed Antonis Samaras as prime minister after his New Democracy party--the winner of Sunday's parliamentary elections--formed a coalition government (Guardian) with the Socialist Pasok and the Democratic Left parties.

New Democracy's victory is a reprieve for the euro, but eurozone leaders must still grapple with systemic fixes.