New Greek PM sworn in

The leader of Greece's conservative New Democracy party, which narrowly won Sunday's election, has been sworn in as Prime Minister after agreeing a coalition government with parties on the left.

Latest ITV News reports

Greece's economic and social divide

by - ITV News presenter

The split between pro and anti-bailout in yesterday's Greek elections also shows the financial and generational divide between the country's people.

Giorgos Karayiannakis, a trained psychologist tells ITV News that he now works as a fishmonger in order to make ends meet, saying that the situation "will only get worse".

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Obama: Greek election results 'positive outcome'

The US president has said today that the Greek election results shows a "positive outcome" for forming a government that will "work constructively with partners"

Obama tells G20 leaders to work to 'stabilise' world's financial system Credit: Reuters/Kevin Lamarque

President Obama said at the G20 that leaders must "work to stabilise the world's financial system" and avoid protectionism.

Leaders at the G20 summit have been discussing how to tackle the debt crisis facing the eurozone today.

German Chancellor: 'No loosening of agreed bailout terms in Greece'

German Chancellor Angela Merkel has said today that they cannot accept any loosening of agreed reform pledges in Greece after this weekend's elections. Ms Merkel said that she expected a quick formation of a stable new government in the country.

Angela Merkel rejects any changes to Greece's bailout terms Credit: Reuters/Fabrizio Bensch

At the G20 summit today, Ms Merkel said that the new Greek government has to "fulfil the commitments Greece has made to its international lenders".

She said that she does not see any reason to speak about a new aid package for the country on top of the two "already agreed".

Ms Merkel then went onto say that she expects a "common position" of Europeans on sustainable growth.

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