Lucas Papademos named Greek prime minister

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
"He [Lucas Papademos] is the best possible choice there could have been"
- Yannis Stournaras, former government adviser

Lucas Papademos, the former vice president of the European Central Bank was named Thursday as the next Greek prime minister of a new interim government until early elections.

"I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe," Papademos told reporters after being named. "The Greek economy still faces huge problems despite the huge efforts that have been made for fiscal consolidation and to improve competitiveness. Greece is at a critical crossroads."

"He is the best possible choice there could have been, a very positive development. He's knowledgeable, experienced and has the prestige required for this position," said Yannis Stournaras, director of Greece's Foundation for Economic and Industrial Research and a former government adviser.

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