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All-Party Greek Cabinet Sworn In : Politics: The coalition will govern until new elections in April.

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From Associated Press

A 27-member government representing Greece’s three major parties was sworn in Thursday, temporarily resolving a political crisis.

The administration will govern the country until new elections in April.

Party leaders had been unable to form a coalition government since the last election Nov. 5, in which none of the parties received a majority. They said they agreed to a temporary government to avoid immediate elections and to take steps to save the ailing economy.

The Nov. 5 election was the second in five months in which no party received enough votes to govern alone.

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The interim government is led by Xenophon Zolotas, the former central bank governor.

Following swearing-in ceremonies at the presidential palace, Zolotas said he plans to submit his government’s program to the Parliament for debate Wednesday.

He told members of his Cabinet that the government will cut spending and try to attract foreign investment to reduce the public deficit.

Zolotas ruled out a devaluation of the nation’s currency, the drachma, but said it will be permitted to float against other currencies.

The drachma, which had a parity of 30 to the U.S. dollar in 1973, reached 170 this year after several devaluations and depreciation.

The 27 Cabinet seats were allocated in proportion to the votes won by each of the three major parties Nov. 5.

The conservative New Democracy party, which won 46.2% of the vote, was given nine ministerial posts. The Panhellenic Socialist Movement, or PASOK, won 40.6% of the ballots and received seven portfolios. Three posts were given to the Communist-dominated Coalition of the Left and Progress, which received 10.8% of the vote.

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Seven Cabinet positions were retained by members of the caretaker government that conducted the last general elections.

None of the three independents or women were given Cabinet slots.

Radio talk shows received scores of phone calls from listeners protesting the absence of women in the Cabinet, even though 20 were elected to Parliament.

Party leaders Constantine Mitsotakis of New Democracy, former Prime Minister Andreas Papandreou of PASOK and Harilaos Florakis of the Coalition of Left and Progress chose the 85-year-old Zolotas to head the government.

The temporary end to political uncertainty was greeted by industrialists seeking official direction with a sigh of relief.

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