New prime minister named in Greece
Former vice president of the European Central Bank Greek Lucas Papademos has been named Greece's new prime minister.
November 10th, 2011
07:52 AM ET

New prime minister named in Greece

Lucas Papademos, a former banker and European Central Bank vice president, has been named prime minister of Greece, the Greek president's office said Thursday.

Papademos was one of several political leaders meeting with Greek President Karolos Papoulia with the goal of forming a new government.

Prime Minister George Papandreou's office had said he would resign Wednesday, but that move was delayed until Thursday.

In a televised address to the nation, Papandreou said that a government of national unity would do whatever was necessary to bring Greece out of its economic crisis.

The country will be stronger and more secure after it implements a controversial European bailout deal that was agreed to last month, he said.

Greece wants the international community to see that it knows how to be united in the face of difficulty, he added. "A new season is opening," he said, adding that he wished the new government success.

Papandreou met Wednesday night with President Papoulias, but did not offer his resignation.

The prime minister said this week he was optimistic about the formation of a new government amid thorny discussions.

-  CNN's Elinda Labropoulou and Andrew Carey in Athens contributed to this report.

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Filed under: Greece
soundoff (29 Responses)
  1. George Patton

    Here we go again, putting the same old wine in new bottles unless this dude wises up and pulls Greece out of the EU. I don't think that he'll have the sense to do it with.

    November 10, 2011 at 8:09 am | Report abuse |
  2. Mmmmm

    Yep, an old beady-eye banker...

    November 10, 2011 at 8:25 am | Report abuse |
  3. Joey Isotta-Fraschini

    Why not somebody accustomed to handling money?
    Do you think that a social worker or a professional prayer partner would do a better job in an economic crisis?

    November 10, 2011 at 8:50 am | Report abuse |
  4. Scottish Mama

    @GP and mmm I thought the same thing. Putting the fox again in charge of the hen house.
    @JIF How about a CPA?

    November 10, 2011 at 9:27 am | Report abuse |
  5. s kel

    Now if Turkey gets a new prime minister they could meet with Greese, fry it until its done and be ready by Thanksgiving! Ummm fried Turkey deep fried in Greese!

    November 10, 2011 at 9:52 am | Report abuse |
  6. Scottish Mama

    @s kel-I see you are your charming self today, must be feeling better.(:-}

    November 10, 2011 at 9:57 am | Report abuse |
  7. banasy©

    What about the gravy? Think of the poor gravy, I tell you!

    November 10, 2011 at 10:08 am | Report abuse |
    • The Punmaster

      If we could get a peace agreement in the Middle East, that would be pure gravy.

      November 10, 2011 at 12:11 pm | Report abuse |
  8. Scottish Mama

    Okay, there you all go with the food again, it is only 9:00am here. I cannot go to bunch or lunch this early, hmmm 2nd breakfast, stop it you 2, how about the stuffing?

    November 10, 2011 at 10:11 am | Report abuse |
  9. s kel

    well with the GRAVE-Y situationin Greece, I would think Greece w.Turkey makes its own Gravey 🙂

    November 10, 2011 at 10:19 am | Report abuse |
  10. s kel

    Please we have plenty of STUFFING with the GOP debates.

    November 10, 2011 at 10:21 am | Report abuse |
  11. Scottish Mama


    November 10, 2011 at 10:27 am | Report abuse |
  12. banasy©

    Mama, he started it!
    I take it you're on Central time, Mama?

    Ooh, stuffing, yeah, see...ya can't stuff a deep fried bird...
    Actually, we do both at our dinners, because each faction of our families have different views on the best way to make turkey.
    I used to say "don't touch my gravy and stuffing, if you like your bird fried", but I like both.
    My Momala makes the *best* turkey gravy imaginable. I run a close second, and I make it the same way...hers is always better though.

    Damn, now I'm hungry...

    S kel and his food...

    November 10, 2011 at 10:34 am | Report abuse |
  13. Scottish Mama

    @Banasy Yes- Central.
    No you cannot stuff a fried one but on the side with giblets are great.
    We usually fry one at the tailgate.
    Me too, yummmmmm Turkey.
    I am suprised s kel does not put bbq sauce on his.

    November 10, 2011 at 11:11 am | Report abuse |
  14. con. c.

    wages affords extras = healthy business = healthy money markets = permanent surplus. sprayhose up. only real stimulus is for gov. to compensate bad wages. we got out of the last great depression, not by a war, but because roosevelt made certain wages would increase, by augmenting the power of the union, and simply compensating bad wages with gov. contractors. STOP TELLING GREECE TO HURT ITSELF. AND IF THIS NEW GUY DOES MORE CUTS ON INCOMES, GREECE WILL BE THE MOST POVERTY STRICKEN OF ALL.

    November 10, 2011 at 11:18 am | Report abuse |
  15. Bimbo the Birthday Clown

    Just looked him up. In addition to being an economist, he has a BSc in physics. We could use more scientists in positions of authority.

    I'm with JIF. Having an economist running a country during tough economic times makes sense. Greece has now joined Canada in this small club.

    November 10, 2011 at 12:17 pm | Report abuse |
    • Bimbo the Birthday Clown

      As the true Bimbo the Birthday Clown here, I'm with George Patton above. Greece does need to withdraw from the EU and go back to using the Drachma.

      November 10, 2011 at 8:00 pm | Report abuse |
    • Bimbo the Birthday Clown

      @Fake Bimbo. Right, they sure had things under control there before adopting the Euro didn't they. Would you like to see some of the 20000 and 50000 Drachma bills I got from there in the early 90s, worth at that time about $8 and $20 respectively? They weren't always so devalued, but a decade of hyperinflation will do that. SURE, get out of the EU and bring back your own currency, they'll be like Zimbabwe north.

      November 11, 2011 at 12:30 am | Report abuse |
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