Lucas Papademos News
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At his first cabinet meeting after two inconclusive elections and six weeks of turmoil had pushed Greece to the brink of exiting the euro, Prime Minister Antonis Samaras said he’d had enough.
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Greek lawmakers voted to set up a parliamentary committee to investigate allegations former Finance Minister George Papaconstantinou removed relatives’ names from a list of Greeks with bank deposits in Switzerland.
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Greece’s lawmakers are due to vote later today on a government proposal to set up a parliamentary committee to investigate allegations that former Finance Minister George Papaconstantinou removed relatives’ names from a list of Greeks with deposits in Switzerland.
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Lucas Papademos, named today to be interim prime minister of Greece, steered the country into the euro region as central bank governor more than a decade ago. Now the former European Central Bank vice president will have to secure the country’s euro membership for a second time.
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Greek Prime Minister Lucas Papademos won Cabinet approval for deeper budget cuts needed to secure a second package of international aid, preparing the way for parliamentary vote in his race to prevent financial collapse.
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Supporting businesses after five years of recession is a top priority for Greece, Prime Minister Lucas Papademos said.
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Greek Prime Minister Lucas Papademos chose not to receive a salary when he took the position as head of Greece’s interim government on Nov. 11, Ta Nea reported, without citing anyone.
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Greek Prime Minister Lucas Papademos told members of his government they must back deeper budget cuts needed to prevent financial collapse or quit, as political dissension threatened to unwind the country’s second bailout.
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Greek Prime Minister Lucas Papademos, charged with securing international financing to avert a collapse of the economy, said keeping the euro is the only way forward for the country.
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Prime Minister Lucas Papademos told Greeks that cuts in income are the only way to stay in the euro and get more financing from international creditors to avert an economic collapse that may otherwise come as soon as March.
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