Tuesday, January 27, 2015

Tsipras anti-austerity appoints new Greek government cabinet – Reuters

Tsipras anti-austerity appoints new Greek government cabinet – Reuters

By Lefteris Papadimas and George Georgiopoulos

ATHENS (Reuters) – The New Greek Prime Minister Alexis Tsipras on Tuesday named his cabinet, made up of veteran politicians who oppose austerity measures, demonstrating that it has no intention of reversing the promises made during the campaign despite warnings Eurozone and markets.

The Greek markets experienced a second day followed by turbulence on Tuesday, with the bank stocks plunging and investors fearing that the government, which opposes the bailout, could collide with the European Union and the International Monetary Fund, responsible for the rescue.

The leftist Tsipras Syriza came to power by winning Sunday’s election campaign promises after giving annular budget cuts and renegotiate the Greek debt.

The Greeks vehemently oppose policies austerity backed by Germany, which have grown poverty in the country and left one in four unemployed people.

In a cabinet in which they appear both more radical wing as the industry’s most pragmatic of SYRIZA, Tsipras economist Yanis Varoufakis appointed as Minister of Finance.

Meanwhile, Defence was left Panos Kammenos party leader Independent Greeks right coalition forming Tsipras.

Varoufakis, who he left a position at the University of Texas to join the Greek policy on the road to the elections, said he will continue writing a blog that has been used to denounce the austerity measures demanded by Greece’s creditors in exchange for the loan of 240,000 million Rescue euros.

“I was told that the time of silent arrived,” he wrote in his blog. “My plan is to challenge that advice.” Continued …

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