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UPD: New Greek “Salvation Government” Without Papandreou

The era of George Papandreou is over.  On Monday, PASOK and Nea Dimokratia will meet to agree on the person who will lead the new Greek government. On Tuesday the new government come into power. Papandreou bowed to Samaras demand to resign. Immediately after the meeting between George Papandreou and Antonis Samaras at the office of the President Karolos Papoulias was concluded short after 10 pm, the following statement was issued:

“During the meeting it has been agreed to form a new government to lead the country to elections immediately after the implementation of decisions of the European Council of October 26. To determine the obligations to implement the decision of 26 October and the time frame required, representatives of both sides will start the meetings immediately.

Prime Minister George Papandreou has already declared that he will not lead the new government. Tomorrow there will be a new contact between the Prime Minister and the leader of the Opposition in concerning the person of the new Prime Minister and the new government.

Tomorrow the President will convene a meeting with the leaders of political parties.”

As it is about a ‘national salvation government’, a transition government with limited duration the President will ask the leaders of the other political parties whether they want to participate in the new government and under which conditions. Already the Communist party (KKE) and left-wing SYRIZA rejected the offer.  After this development, the President cancelled the meeting with the party leaders.

A ND source told Greek Mega TV that “there will be no elections in 2011”.

Flah News 1:38 am : PASOK and Nea Dimokratia agreed on February 19, 2012 as the ‘apropriate date for elections’.

there still some details to be worked out, Greek media reported.

Greek media claim, the most predominate name for the prime minister’s office is that of Lukas Papadimos,  former Vice President of European Central Bank. Not an elected politician but a technocrat. Apparently he has been ‘asked about his intention’ by both PASOK and Nea Dimokratia.

The new government is been established under the immense pressure of EU and IMF and the failure of referendum-proposal by Papandreou, an idea that triggered strong reactions in and outside Greece.

PS Finance Minister Venizelos will represent Greece at the EUROGROUP meeting on Monday. Most likely he will remain FinMin also in the new government, Greek media claim.

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  1. Do you believe that a banker like Papadimos will give a damn about Greece? It’s like putting Blankfein of Goldman Sachs president for the USA..

  2. Isn’t Papademos the guy who was Governor of de Bank of Greece during the transition into the Euro. And therefore one of the people who should be prosecuted for getting Greece in the Euro on figures that were ‘not too accurate’? And he would be considered as credible partner by his EU peers?
    Ok, he was vice-president of the ECB. But he left to become adviser to GPap. So he is fully responsible for the economic and political mess we are in now?
    At least he is somebody who, unlike GPap, had already knowledge of finances and Credit Default Swaps before 2009.