Greece’s two biggest parties to choose new Prime Minister

The leaders of Greece’s two biggest parties are due to resume talks Monday to agree on who should be the country’s new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal that will prevent imminent bankruptcy.

Socialist Prime Minister George Papandreou and conservative leader Antonis Samaras are to hold fresh talks to hammer out the composition of the new 15-week government, which will be tasked with passing the €130 billion ($179 billion) package from the country’s international creditors before elections.

Former European Central Bank vice president Lucas Papademos is being tipped as the most likely new head of the government that would serve until a Feb. 19 general election.

Officials in Greece’s two main political parties have confirmed that the 64-year-old former central banker is a candidate though there’s no indication yet he would want the job, for however short a period.

None of the people being considered have been announced publicly.

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