Greece's interim Cabinet sworn in as fears swirl of euro exit

Greece’s interim Cabinet sworn in as fears swirl of euro exit

Cabinet ministers in Greece’s interim government are were sworn in as the country grapples with a political and economic crisis that could have effects far beyond its borders.

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Post date May 17, 2012

(CNN) ATHENS – Greek voters punished the major parties at the polls earlier this month for the harsh budget cuts imposed by the country’s international lenders.

The election left no party able to form a government, creating deep uncertainty about Greece’s ability to continue to meet the terms of its bailout package and therefore its debt obligations.

Greece will hold new elections on June 17, state media reported Wednesday. A caretaker administration led by a senior judge will run the country in the meantime.