Wasting no time, Greece's new Prime Minister and New Democracy leader Kyriakos Mitsotakis said his new Cabinet will have to hit the ground running to speed stalled projects, cut through the bureaucracy and start getting results.
The new government, which was sworn in by Athens Archbishop Ieronymos, relies heavily on experienced politicians who have served in previous governments.
Mitsotakis faces the challenge of keeping Greece's worldwide creditors happy while implementing the measures he promised to ease hardship on Greeks, such as lowering taxes and renegotiating fiscal targets. "We will promote production, productivity, competitiveness, quality, adaptability and an outward looking approach of our economy".
ATHENS, Greece-Greece's bailout creditors on Monday bluntly rejected calls from the country's new conservative government to ease draconian budget conditions agreed as part of its rescue program. "That brings about a lack of confidence and investment".
Greece was dependent for years on successive worldwide bailouts that provided rescue loans from other European Union countries and the global Monetary Fund in return for deep reforms to the country's economy that included steep tax hikes and major spending cuts. The financial crisis saw unemployment and poverty levels soar. The economist and engineer served as deputy minister in a previous government.
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The primary surplus of 3.5% is an integral part of the 2018 agreement, according to a Senior Eurozone official that briefed the Brussels press, but who refused to comment on the substance of the new government's plan. That condition has shackled government spending and, critics say, stifled the country's recovery.
"We want to build bridges, not raise walls", he said. "But we will correct mistakes and deal with any oversights".
"We will see more in detail in the Finnish Eurogroup in September, of course, there will be an EWG before that, but for the moment I cannot say more", the official added, admitting that "all political parties have challenged the 3.5% target and we would have this problem anyway, whoever won the election, but I repeat, is part of the 2018 package".
A former public order minister under a previous socialist government, Michalis Chrisohoidis, takes the reins of the ministry once again as one of Mitsotakis' non-parliamentary appointees.