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Published on Nov 11, 2011
And Greece is already welcoming a new Prime Minister - the former vice-president of the European Central Bank, Lucas Papademos, will be sworn in on Friday. It brings to an end days of political wrangling in Athens as main parties struggled to come to an agreement. The new coalition government will have to vote for more austerity measures to release another portion of an EU bailout. Otherwise Greece warns it will go bankrupt within weeks. Political analyst Peter Eyre believes the true nature of the deepening crisis is being hidden from public view.