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Papademos named as new head of Greek coalition

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Papademos named as new head of Greek coalition

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Lucas Papademos has been appointed to form a new coalition government in Greece.

The decision was made after talks between George Papandreou, the leader of Greece’s conservative party and the leader of country’s far right movement agreed Papdemos was the only man for the job.

The former European central bank VP now has the tough task of creating order in Greece’s chaotic government. First on his list will be to broker a bailout deal with Eurozone members and stabilise the country’s economy.