(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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