Greece Picks New P.M.

    Image #: 7159940    Lucas Papademos, Vice President of the European Central Bank, speaks at the Emerging from the Financial Crisis annual conference, held at Columbia University, in New York, February 20, 2009.  REUTERS/Chip East /Landov

    Chip East, Reuters / Landov

    Can this guy save Greece? Lucas Papademos, a former vice president of the European Central Bank, has been named the new prime minister, and he will be sworn in midnight Friday. The ECB controls the monetary policy of the 17 eurozone countries, including Greece. In choosing Papademos, Greece hopes to send the message the country is bouncing back from its debt crisis and political instability—which as recently as last week looked to threaten the entire euro when outgoing Prime Minister George Papandreou called for a referendum vote on the widely unpopular bailout. Papademos will head an interim government focused on securing Greece receives the bailout package, despite its unpopular austerity measures.

    Read it at BBC News