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Papademos "named" as new Greek PM

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Papademos "named" as new Greek PM


There is no word officially but multiple sources are saying Lucas Papademos – former deputy head of the European Central Bank and the man who oversaw the switch from drachma to euro – has been chosen as new Greek prime minister.

The decision is believed to have been taken following an emergency cabinet session this morning.

The other name that was being touted was Evangelos Venizelos, but many want him to continue in his current role as finance minister.

Judging by newspaper headlines on Tuesday morning, the country is losing patience with the drawn-out demise of George Paparndreou’s government.

Despite pressure from the European Union and the International Monetary Fund, there has been little progress since Sunday night, when Papandreou and the opposition leader agreed a coalition should be formed.

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