It still hasn’t officially been announced, but the buzz is that Lucas Papademos will be named the new PM of Greece today.His name is being mentioned in multiple media outlets, and a source familiar with what’s going on believes he will be named.
What do you need to know about him? Basically that he’s very European establishment, which for the international community will offer some relief.
He has served as Senior Economist at the Federal Reserve Bank of Boston in 1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994. During his time as Governor of the national bank, Mr Papademos was involved in Greece’s transition from the drachma to the euro as its national currency.
After leaving the Bank of Greece in 2002, Papademas became the Vice President to Jean-Claude Trichet at the European Central Bank from 2002 to 2010. In 2010 he left that position to serve as an advisor to George Papandreou.
Everything could still change of course, but at the moment, it sounds like he’s the one.