Greek PM outlines crisis policy, structural reforms

A European Union and a Greek flag fly in front of ancient Parthenon temple, in Athens, on June 17, 2012 as Greeks vote in the most crucial elections in decades. / AP Photo/Petros Giannakouris

(AP) ATHENS, Greece - Greece's Prime Minister Antonis Samaras says his new three-party coalition government is ready to carry out a broad series of structural reforms, and acknowledges the country's deficit reduction program has gone off target.

Samaras told Parliament Friday that the government will focus on selling state assets, such as the country's railway company, and liberalizing the energy market.

Greece has been lagging in reforms demanded by its international creditors in return for billions of euros (dollars) in rescue loans.

In presenting his government's policy platform, Samaras also said foreign officials must "stop undermining Greek efforts" with comments about the country potentially leaving Europe's joint currency.

Spain, Italy borrowing rates surge
German factory output rebounds in May
Bank of England backs another stimulus