Papademos to lead Greek crisis coalition

By REUTERS
November 10, 2011 15:12




ATHENS - Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.

The coalition will be sworn in at 1200 GMT on Friday, an official in the president's office said.

Papademos, a respected figure in European capitals and on financial markets, will lead a national unity government that must sign up to a 130 billion bailout deal with the euro zone before calling an early election.


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