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Lucas Papademos: Who is Greece’s New Prime Minister?

Lucas Papademos has been officially assigned by President Karolos Papoulias to form the new interim transition/national unity government that is expected to take Greece out of a major political crisis caused by the country’s debt crisis and EU, IMF and ECB-prescribed austerity measures. Greek media claim that “EU leaders and Greece’s lenders in general will have several chances to ask Papademos about the ‘wrong Greek Statistics” that led Greece inside the Euro Zone”. Lucas Papademos was Governor of the Bank of Greece 1994- 2002 and helped Greece’s transition from the Drachma to the Euro. Greece joined the EZ in 2000.

Who is Lucas Papademos?

Lucas Demetrios Papademos (born 11 October 1947) is a Greek economist who was Governor of the Bank of Greece from 1994 to 2002 and Vice President of the European Central Bank from 2002 to 2010. In November 2011 it was widely reported that he would head the interim provisional government that would take Greece out of a major political crisis caused by the country’s debt crisis and EU, IMF and ECB-prescribed austerity measures. He is currently serving as a visiting professor of public policy at the Kennedy School of Government at Harvard University.

Born in Athens, Papademos attended the Massachusetts Institute of Technology, gaining a degree in Physics in 1970, a masters degree in electrical engineering in 1972, and a doctorate in economics, in 1978.

He followed an academic career at Columbia University where he taught economics from 1975 until 1984, and then at the University of Athens from 1988 to 1993.

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, 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, Papademos 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 Prime Minister George Papandreou.

He has been a member of the Trilateral Commission since 1998.

He is a member of the Academy of Athens. He has published numerous articles in the fields of macroeconomic theory, the structure and functioning of financial markets, monetary analysis and policy as well as on subjects concerning the economic performance, financial stability and economic policy in the European Union.  He has also delivered addresses on the Greek debt crisis.

(CV source: wikipedia )

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