Greece's Parliament formally swore in economist Lucas Papademos Friday as the head of a new unity government as the nation seeks to regain political and financial stability after weeks of uncertainty.
Papademos, a former banker and European Central Bank vice president, becomes the country's interim prime minister after several days of political wrangling.
Papademos pledged the new government's chief task will be to implement a bailout package and austerity measures agreed to with European leaders last month.
It is hoped that the national unity government will restore political stability in Greece after several weeks of turmoil that have unnerved global financial markets. Papademos, who helped usher Greece into the euro in 2001, replaces outgoing Prime Minister George Papandreou, who resigned over his handling of the crisis.FULL STORY