NEW LEADER: Greek conservative party head Antonis 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.
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IMPLICATIONS: The move ends a protracted political crisis that had cast grave doubt over Greece’s future in the euro and threatened to plunge the continent deeper into a financial crisis with global repercussions.
LOOKING FORWARD: The new government has massive challenges ahead: It must generate huge new savings, privatize publicly-owned companies and real estate, cut about 150,000 civil service jobs and open restricted professions to competition.
