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Greece names new PM

Published by Steve Coleman on November 10, 2011

Less than two weeks after a proposed referendum to let the Greek people decide on a European Union bailout package threw international markets into turmoil, the country has a new prime minister.

Former European Central Bank vice-president Lucas Papademos will lead the country's interim government for what could be the next 15 weeks as government officials look to make good on a promised €130 billion ($180 billion Cdn) rescue fund to keep Greece out of bankruptcy.

The country has promised elections in February after the rescue package comes together.

The CBC says Papademos joined talks about two hours into a meeting between Socialist Prime Minister George Papandreou and conservative opposition leader Antonis Samaras. The country's new interim prime minister didn't have any political affiliations prior to being named to the top political post.

Other eurozone nations have refused to give Greece its latest instalment of bailout cash - €8 billion ($11 billion) - until the country approves the second bailout deal. European leaders spent months working on a Greek bailout deal that was acceptable to them.

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