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Greek election winner sworn in as prime minister

'I know of difficulties that lie ahead for me,' Mitsotakis said

08 July, 12:43
(ANSA-AP) - ATHENS, 08 JUL - Conservative party leader Kyriakos Mitsotakis was being sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. "I assume the governance of the country with full awareness of the national responsibility," Mitsotakis said in his victory speech Sunday night. "I know of the difficulties that lie ahead for me and for my associates. But I draw strength from the strength of the people." Greece's economy shrank by a quarter and poverty and unemployment levels soared during the country's nearly decade-long financial crisis. Although its finances are on the mend and the economy is expected to grow by 2.2% this year, it still has a long way to go to make up the economic output lost.

The country's debt stands at about 181% of annual GDP and Greece has pledged to continue producing large primary surpluses - the budget excluding debt servicing - of more than 3% of GDP for years to come. (ANSA-AP).

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