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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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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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