GREECE CABINET RESHUFFLE

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STORY: GREECE CABINET RESHUFFLE DATELINE: June 17, 2011 LENGTH: 0:01:28 LOCATION: Athens INTRO Greek Prime Minister George Papandreou has named a new finance minister in a cabinet reshuffle. Defence Minister Evangelos Venizelos has been promoted to the post to tackle the country's crippling debt crisis. The reshuffle is made to calm public anger over tough new austerity measures necessary for Greece to get more bailout money from the European Union and the International Monetary Fund. PKG Papandreou on Friday appointed Venizelos as finance minister and deputy prime minister in a reshuffle on Friday. Ex-finance minister George Papaconstantinou was named to the environment ministry. Papandreou also named a new foreign minister and promoted deputy defence minister to full minister. Analysts say the reshuffle aims to counter widespread anger over tough new austerity measures essential for Greece to get a second bailout from the European Union and the International Monetary Fund. Powered by www.newslook.com Producer : Xinhua News Agency

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