Greece's new cabinet has been named, with Evangelos Venizelos retaining the key position of finance minister.

The new coalition government, formed today, includes ministers from the country's two main parties - the Socialists who have governed for the past two years, and the conservatives, as well as from a smaller right-wing party.

The cabinet is headed by former European Central Bank Vice President Lucas Papademos, who was appointed prime minister of the interim government on Thursday.

The new cabinet now faces the task of pushing through a new European debt deal for Greece and ensuring the country receives the next batch of vital bailout loans to stave off a catastrophic default.

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