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Papademos sworn in as new Greek prime minister

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Papademos sworn in as new Greek prime minister


Lucas Papademos has been sworn in as Greece’s new prime minister after a week of political turmoil and wrangling.

The former European Central Bank deputy chief will head the country’s new crisis coalition and will have to scramble to save Greece from default and exit from the euro zone.

Papademos has already made clear his main goal is to implement the 130-billion euro bailout deal agreed at last month’s EU summit. He has also called for wider backing for the government with the country he says at a “crucial crossroads”.

As widely expected, Evangelos Venizelos, a key player in the negotiations with the EU and IMF, has been re-appointed as finance minister.

The new coalition cabinet includes members from the conservative opposition New Democracy as well as the nationalist Popular Orthodox Rally, but a number of key posts, where ministers will have to continue or make further austerity measures, remain with PASOK ministers.

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