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Europe
Skai TV and radio names Lucas Papademos as new PM
2011-11-08
Skai TV and radio reported at 4 p.m. that former Bank of Greece governor and ex-European Central Bank vice president Lucas Papademos will become the next Greek prime minister.

An emergency cabinet meeting finished shortly before 3 p.m. Current Prime Minister George Papandreou is said to have informed his ministers to have their resignations ready to speed up the process of forming a new government once its head has been agreed.

Former European Central Bank vice president Lucas Papademos was reported to be back in the frame after reports that he spoke with Papandreou on the telephone earlier in the day.

Papademos is thought to want to bring several of his choices into the cabinet, which could also include politicians from both PASOK and New Democracy. The conservatives have been reluctant to place their members on the cabinet as they do not want to be seen to be supporting the new set of austerity measures that is expected to accompany Greece's next bailout.
Thus political advantage is seen as more important than serving the country. I think that sums up Greece's problems right there...
Among the names being mentioned as likely appointments by Papademos is the head of the IOBE think-tank Yiannis Stournaras.

The process of appointing the next government will involve the current ministers resigning, Papandreou informing President Karolos Papoulias of the candidate for prime minister and Papoulias then announcing the formation of a new cabinet.


Posted by:tipper

#2  I think this boils down to, "Let's hook some more tubes and wires and machines with blinking lights to this cadaver, to make it look more lifelike."
Posted by: Anonymoose   2011-11-08 11:55  

#1  So to recap...

No referendum...
No Elections
New P.M. who's a central banker and trilateral member.
Posted by: Bright Pebbles   2011-11-08 11:14  

00:00