Monday, 7 November 2011

REUTERS - Papademos front-runner to be new Greek PM, Nov 07, 2011

Vice President of the European Central Bank Lucas Papademos attends the European Business Summit in Brussels March 26, 2009. REUTERS-Eric Vidal

"By Lefteris Papadimas and Harry Papachristou
ATHENS | Mon Nov 7, 2011 8:48am EST
(Reuters) - Lucas Papademos, a former deputy head of the European Central Bank, was on Monday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out of money in mid-December.
But whoever leads the transitional government of national unity will have a monumental task in restoring order to a country whose chaotic economy and politics are shaking international confidence in the entire euro project.
With the European Union demanding a quick resolution to the political crisis, Prime Minister George Papandreou sealed a deal on Sunday with the conservative opposition on the crisis coalition to approve the international financial aid package."

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