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Papademos sworn in as Greek PM

Friday, November 11, 2011 - 01:48

Nov. 11 - Former European Central Bank official Lucas Papademos becomes caretaker head of the new Greek coalition where he faces serious reform challenges. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) STORY: Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis. At a colorful swearing-in ceremony, bearded Orthodox priests, led by Archbishop Ieronymos II of Athens, blessed Papademos, a former vice president of the European Central Bank. Papademos will have to assert his authority over a cabinet packed with conservative and socialist party politicians who alternated power for decades as Greece built up a huge debt that it could not manage, forcing a bailout.

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Papademos sworn in as Greek PM

Friday, November 11, 2011 - 01:48