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Greece to have new PM 'tonight'

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Greece to have new PM 'tonight'


Greek Prime Minister George Papandreou has bid goodbye to his cabinet colleagues and says the name of his successor should be known by Tuesday night.

The new leader is widely expected to be the former deputy head of the European Central Bank, Lucas Papademos.

Greece’s two main parties have not yet struck a deal on the makeup of their coalition announced on Sunday, but the opposition New Democrats say they do not want any changes in Papandreou’s economic team.

The European Union has sent a letter of intent to Athens for the signatures of the current and new prime ministers, the new finance minister, the leader of the opposition and the central bank head to sign. It is a form of contractural obligation on them to implement the EU’s bailout conditions.

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