So who is Greece’s New Prime Minister?
- Posted on November 10, 2011 at 12:47pm by
Becket Adams
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After four tortuous days of power-sharing talks that wreaked havoc on the markets, senior banker Lucas Papademos has been appointed as the new prime minister of an interim Greek unity government.
Who is Papademos?
Papademos, who is not a member of any party, has been operating lately as an adviser to the former prime minister George Papandreou.
He also taught at Columbia University from 1975 to 1984 and worked at the Federal Reserve Bank of Boston before returning to Greece to become chief economist at the Bank of Greece from 1985-1993.
He was then appointed deputy governor of the Bank of Greece, rising to the helm a year later after helping fend off a speculative attack on the drachma.
As governor from 1994 to 2002, Papademos presided over an era of increasing independence from the government that was crucial in helping Greece secure membership in the eurozone.
He then spent eight years at the European Central Bank.
“I am not a politician but I have dedicated most of my professional life to exercising financial policy both in Greece and in Europe,” Papademos said after the Greek president gave him the mandate to form a Cabinet. “The Greek economy continues to face huge problems despite the great efforts than have been made for fiscal reform.”
He is also fully in favor of keeping Greece in the eurozone.
“The participation of our country in the eurozone is a guarantee for the country’s monetary stability. It is a driver of financial prosperity,” Papademos said. “And our country’s participation the eurozone, despite the difficulties that arise, will facilitate the adjustment of the economy and its development.”
European officials greeted the news of his appointment, and his goal of eurozone membership, with relief.
“The agreement to form a government of national unity opens a new chapter for Greece,” said a joint statement issued by European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy. “We warmly welcome this news.”
Papademos has only a few weeks to persuade Greece’s creditors in the so-called troika — the European Union, the International Monetary Fund and the European Central Bank — to release its next block of aid, $11 billion, before the country runs out of money, writes the New York Times. Then he must begin fulfilling the painful terms of an even larger loan.
“The course will not be easy,” Papademos said to reporters shortly after news of his appointment was released. “But the problems, I’m convinced, will be solved. They will be solved faster, with a smaller cost and in an efficient way, if there is unity, agreement and prudence.”
The Associated Press contributed to this story.
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Git-R-Done
Posted on November 12, 2011 at 7:49amThis new Prime Minister is just a puppet for the dismantling of the nation of Greece.
Report Post »JQCitizen
Posted on November 11, 2011 at 7:06amHa! A BANKER, and an ADVISOR to the FORMER (ousted) PRIME MINISTER!!! Sounds like a Greek George Soros to me.The OCCUPY movement should be thrilled! LOL!
These Occupy people are such fools! Dark Horses like this guy have their own Dark objectives; And they consider people like the OWS crowd to be the Horse’s A$$! They are using them as Cannon Fodder, and will toss whatever is left of them in jail and throw away the key!
Report Post »100 Million Patriots Standing
Posted on November 11, 2011 at 7:29am“….. taught at Columbia University from 1975 to 1984 and worked at the Federal Reserve Bank”
all the qualifications he needs!!!! to lead people to a better way of life in the NWO.
Report Post »dizzyinthedark
Posted on November 11, 2011 at 6:20amA few days ago I heard someone on TV refer to him as a “technocrat”. If true then the “technocrats” have no fear in exposing themselves, they are now out in the open. Technocracy was ‘squashed’ as the people rebelled against it‘s rise in the 1930’s. It’s been working dilligently ever since and history is trying to repeat itself. To have a society run and controlled by ‘technology’ is ludicrous and surely our downfall. Why do you think Obama and this Administration is pushing hard with the Dept. of Energy doling out millions if not billions to implementing the Smart Grid. In order for the Smart Grid to take hold every house in THE WORLD let alone America must have a Smart Meter. All our appliances we use inside our homes will have a ‘controller chip’ (smart energy) built into them to ‘communicate’ with the Smart Meter that will ‘communicate’ to the Smart Grid. In the end we will be, along with the rest of the world, controlled by the ‘technocrats’!
Report Post »100 Million Patriots Standing
Posted on November 11, 2011 at 7:27amSmart appliances are here and other electronic gadgets (smart) are here soon…it will be a short leap before a notice arrives in the mail…”you have left your TV on while no one was home, you are hereby fined $100 for energy wastage; to be automatically deducted from your smart checking account.”
Personal freedom even inside our homes will be a thing of the past as the UN plan of globalization monitors us all for sustainability violations.
Report Post »endgamer
Posted on November 11, 2011 at 5:34am“He taught at Columbia University from 1975 to 1984 and worked at the Federal Reserve Bank of Boston before returning to Greece to become chief economist at the Bank of Greece from 1985-1993.” So who do you think he works for?? The New World Order Bankers! He was placed there by the same people that formed the EU and is dismantling our economy… Greece loses!!
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