EU leaders pleased with new Greek PM

European Union leaders on Thursday welcomed the formation of a new national unity government in Greece headed by former European Central Bank vice president Lucas Papademos.

“The agreement to form a government of national unity opens a new chapter for Greece. We have long stressed the need for a broad political consensus around measures to lift Greece out of this deep economic crisis. As such, we warmly welcome this news,” declared European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy in a joint statement.

The two top EU official stress that “although this will be a transitional government, its workload will be extremely intense. A second program of financial assistance must be rapidly concluded, as foreseen by the Euro Summit on 27 October. The voluntary bond exchange with private sector investors should take place as planned at the beginning of 2012.”

They believe it is important for Greece’s new government to send a strong cross-party message of reassurance to its European partners that it is committed to doing what it takes to set its debt on a steady downward path.

Check Also

Turkey’s Erdogan Plots Power Grab Over Lawyers’ Organisations

Angered by their continued independence and support for democracy and secularism, the Turkish strongman is …