Papademos will head coalition government
Lucas Papademos, a former vice-president of the European Central Bank, is set to become Greece’s new prime minister, leading a government of national unity, Reuters reports. Greece’s new crisis coalition will be sworn in on Friday. The incoming PM, who is also a former central banker who steered Greece into the eurozone, said that membership in the monetary union will aid the country’s ability to reform. He also added that no specific date had been set for new elections.