Tuesday, November 8, 2011

Greece Vows to Name Leader

Wall Street Journal
November 8, 2011

Greek officials will announce a new head of an interim government Tuesday, officials said, as the country's top parties continued to wrangle late into a day they had hoped would end under the stewardship of a new prime minister.

Illustrating the amount of work that likely lies ahead, names of more potential interim leaders emerged late Monday. International Monetary Fund director Panagiotis Roumeliotis, a former finance minister, was among the possible new leaders, said a Socialist party official.

Just a few hours earlier, officials from the ruling Socialists and its chief rival, the conservative New Democracy party, had said they had arrived upon a consensus pick for interim leader, former European Central Bank Vice President Lucas Papademos. But new roadblocks later appeared to his candidacy.

Mr. Roumeliotis was under consideration after talks with Mr. Papademos "do not seem to be going well," according to a Socialist official. The official added: "That does not mean that Papademos's candidacy has collapsed."

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