November 7, 2011
The renowned economist Lucas Papademos has emerged as the favoured candidate to head Greece's first coalition government in decades after the beleaguered George Papandreou announced he would step down to make way for a government of national unity.
Papademos, the former vice president of the European Central Bank, was in the US when it emerged on Sunday that political deadlock had been broken in Athens, with the country's warring political factions finally agreeing on the formation of an interim administration that would include figures from the socialist Pasok party and conservative opposition.
As Papandreou wrangled with Antonis Samaras, the New Democrat leader, over the makeup of the new cabinet, Papademos made the journey back home on a transatlantic flight, but he has yet to comment on whether he will become prime minister.
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