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.

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Former Greek PM: This is a make or break moment for Europe

Former Greek Prime Minister George Papandreou Credit: REUTERS/Thierry Roge

Greece's former Prime Minister George Papandreou said that Greece is "not the problem" and that the roots of the Euro crisis go to the heart of the EU.

Speaking on the BBC's Andrew Marr show, he said that a closer banking union is needed in Europe, but that Greece should stay in the single currency to remain stable.

Commenting on today's election, he said that Greece has become a "ripe ground for populism" and even for racism, but he urged parties to "leave behind all this nationalistic rhetoric about who is to blame" and to "pool their strengths".

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