(ATHENS, Greece) -- After days of intense talks, Greece named former European Central Bank Vice President Lucas Papademos its new prime minister on Thursday.
Papademos, 64, replaces George Papandreou, who agreed to resign from the position mid-way into his four-year term amid growing pressure over Greece's debt crisis.
According to the president's office, the new prime minister will form a new interim government, tasked with approving the latest European bailout package and pushing more cost-cutting austerity measures.
The new government is scheduled to be sworn in on Friday.
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