Lucas Papademos, a former banker and European Central Bank vice president, has been named prime minister of Greece, the Greek president's office said Thursday.
Papademos replaces Prime Minister George Papandreou, who stepped down amid the nation’s economic crisis. Greece is struggling with a massive debt problem and controversy over a European bailout.
The drama in Greece has shaken international markets, with investors worrying that the bailout deal -- which has stringent austerity measures attached -- may not be implemented.
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