National Bank of Greece chairman Vassilis Rapanos is likely to be appointed finance minister in the country's new coalition government, state television said today.

Rapanos, who is a professor of economics at the University of Athens, has been non executive chairman at NBG since December 2009.

He was chairman of the council of economic advisors at the economy and finance ministry between 2000 and 2004 - when Greece joined the euro in 2001. 

Rapanos previously served as chairman of the Hellenic Telecommunications Organisation (OTE) from 1998 to 2000.

Between 1995 and 1998 he served first as deputy governor and then governor of the National Mortgage Bank of Greece. He has also been counsellor to the Greek delegation to the EU and deputy head to the Greek delegation to the OECD in Paris.

Greek pro-euro parties have agreed a new coalition government whose composition is expected to be announced later today, after a crucial Sunday election that was won by the conservative New Democracy party.

Greece falling short on corruption: OECD

Greece is failing to tackle corruption, the OECD said today, blaming the country for not doing enough to investigate cases of bribery of foreign companies by Greek citizens.

"Greece's failure to investigate major foreign bribery cases raises significant concerns," the Paris-based Organisation for Economic Cooperation and Development said in a report.

According to the report, Greece "has failed to promptly investigate a significant foreign bribery case and to provide timely information on its anti-bribery efforts."

An OECD working group recently completed a probe of Greece's implemenation of the organsiation's legally binding anti-bribery convention. The probe was inconclusive, the OECD said, and the group will now undertake a second evaluation to further examine Greece's enforcement efforts.

The OECD also demanded new measures to fight corruption including legislation to protect whistleblowers and efforts to improve awareness of the foreign bribery offence, especially among judges and prosecutors.

Greece was commended for efforts to improve its anti-money laundering measures and for legislation to prohibit companies that bribe foreign public officials from obtaining public procurement contracts.