Papademos Sworn as the Head of Unity Government

This Friday the economist Lucas Papademos was formally sworn as the head of Greece’s new unity government. With this action the nation seeks to regain political and financial stability after many weeks of uncertainty.

Papademos, a former banker and European Central Bank vice president is now the country’s interim prime minister. The ministers are now being sworn in the presidential mansion in a ceremony attended by the president and members of the Greek Orthodox Church.

Afterwards they are expected to head next to the Greek Parliament. Papademos pledged the new government the task to implement a bailout package and austerity measures agreed with the European leaders last month. (AV)