Greece's Prime Minister Alexis Tsipras, second right, accompanied by members of his government poses for a group picture outside the Parliament in central Athens, Wednesday, Jan. 28, 2015. (AP Photo/Lefteris Pitarakis)
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Greece's radical new government is to hold its first talks with a foreign dignitary Thursday, hosting the head of the European parliament a day after announcing moves to roll back austerity measures.In sweeping announcements two days after taking power, Prime Minister Alexis Tsipras on Wednesday began reversing many of the unpopular measures that underpin Greece's 240-billion-euro ($269 billion) bailout program.Tsipras, whose Syriza party swept to power on Sunday pledging to end painful austerity after six years of recession, told his first cabinet meeting that Greece was no longer willing to bow to the "politics of submission", in a clear swipe at creditors the EU and the International Monetary Fund.The new finance minister, maverick economist Yanis Varoufakis, insisted there would be no "showdown" between Greece and the EU, but also called the austerity cuts a "toxic mistake" that ultimately benefited no-one in Europe.The new coalition must address an end-of-February deadline set by the EU for Greece to carry out more reforms in return for a seven billion euro tranche of financial aid from the bloc and the IMF.
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