Central Bank leader succeeds Papandreo

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Central Bank leader succeeds Papandreo

A
Al Jazeera English

3 Views • Aug 27, 2012

Description

Former European central banker Lucas Papademos, a well-respected technocrat with strong economic expertise has been chosen to succeed George Papandreos as prime minister of Greece.

Currently, the primary goal of Papademos' three short months in office prior to national elections, will be to pass the 180 billion dollar bail out package that brought down his predecessor's government. Then, Papademos must set a course for reform, including more austerity measures which have already proven unpopular with the Greek people.

Al Jazeera's Andrew Simmons reports from Athens.