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November 11, 2011

Ex-Banker Sworn-in as New Greek PM 
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Greece is swearing-in a new Prime Minister today to head an interim
government amidst ongoing economic turmoil. Lucas Papademos, a former
European Central Bank vice-president, will serve a three-month term
before new elections in February. On Thursday, thousands of people
rallied outside the Greek parliament calling for immediate elections.
Papademos replaces outgoing Prime Minister George Papandreou, who
resigned shortly after canceling his plan for a national referendum on
an austerity measure demanded by eurozone countries in return for a
massive financial bailout.



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