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Kyrikos Mitsotakis, a conservative politician, took office on Monday as Greece's new prime minister and formed a cabinet. Previously, he had flourished in the general election, promising to create jobs and attract investment for the frustrated Greek economy.
Mizotakis'New Democratic Party won an absolute majority of 158 out of 300 seats in Parliament. He has won support from Greeks by promising more investment, higher-paying jobs and tax cuts. Greeks have struggled to cope with years of fiscal austerity and the highest unemployment rate in the eurozone demanded by the European Union.
"Today we are embarking on this arduous task. I am confident in our ability to rise to the challenge, "Mizotakis said after taking the oath of office at the presidential palace in Athens.
Mizotakis appointed economist Christos Staikouras as finance minister. Staikouras, 46, a former economic affairs coordinator of the New Democratic Party, has worked as a lawyer since 2007.
The Greek stock market returned after a strong rally in the previous days. Its blue-chip index fell 2.15%, with bank shares leading the way.
In the fixed income market, bond yields fell to record lows. The yield on 10-year bonds fell 14 basis points to 2.014%.


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