Greece’s new interim cabinet of national unity held its first session on Friday evening after having been sworn in earlier in the day. The task of rescuing the country under the new Prime Minister Lucas Papademos has been described as monumental.
The cabinet will have to roll out painful austerity measures to calm the turmoil that threatens to bankrupt Athens and force it out of the euro zone.
Finance Minister Evangelos Venizelos outlined what he thinks need to be done first.
“Our priorities are clear. The first thing is getting the so-called sixth instalment of 8 billion euros from the initial 110 billion euro rescue package for Greece. This needs to be in the public coffers before the December 15,” he said.
Meanwhile former prime minister George Papandreou was cheered by supporters as he arrived at the offices of his socialist party.
Papandreou stepped down on Wednesday having said he would do whatever it takes to save the country.