Thursday, June 21, 2012

New Greek PM Samaras names cabinet members

The head of Greece's conservative New Democracy party, Antonis Samaras, left, shakes hands with President Carolos Papoulias in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country?s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country?s future in Europe?s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)

The head of Greece's conservative New Democracy party, Antonis Samaras, left, shakes hands with President Carolos Papoulias in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country?s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country?s future in Europe?s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)

Greece's newly appointed Prime Minister Antonis Samaras, center, Leader of the Democratic Left party Fotis Kouvelis, second right, Greece's National Bank chairman Vassilis Rapanos, right, acting Finance Minister George Zanias, left, and leader of the Socialist PASOK party Evangelos Venizelos take part in a meeting at the parliament, prior to the EUROGROUP and ECOFIN meetings, in Athens, Wednesday, June 20, 2012. (AP Photo)

(AP) ? Greece has named its coalition government's new Cabinet, appointing a prominent banker to take over the key position of finance minister.

New government spokesman Simos Kedikoglou announced Thursday that Vassilis Rapanos, a non-executive chairman of the National Bank of Greece, had been appointed finance minister.

Rapanos, 65, has been a leading figure in the country's banking sector and has also been teaching at Athens University since 1992.

Conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the head of a three-party coalition government, ending weeks of political deadlock and calming market fears of an imminent Greek exit from the euro currency.

Associated Press

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