Ever since the Greek debt crisis deepened and the Greek PM George Papandreou was forced to resign, Greece and its people have been in limbo land, so to speak. Politicians have been meeting day and night in order to form a new Unity government. All of Papandreou's politicians resigned in order to accommodate the new rulers but who would lead the Unity Government?
Today, November 10, 2011 the new interim PM has been named as Lucas Papademos. So just who is this man and can a new Greece rise from the ashes of the old parliament?
Mr Papademos is the former European Central Bank vice-president. A banker then. That should not exclude him nor be derisive but many see Bankers as at the heart of the Eurozone's financial crisis. 64-year-old Papademos has said that he knows he will be taking over as the Prime Minster of Greece at a critical point in the country's history. Free elections are scheduled for the New Year and his role should therefore only be temporary.
Of course Eurozone and EU countries such as Germany and France will have desired that such a man take the reins. However, the choice should be up to the Greek people. Otherwise they will be governed by a person who they had no input about. It will almost by like those countries we are quick to chastise as dictatorships.
The main aim of Mr Papademos wil be to head an interim government, which is being formed to make sure debt-laden Greece can secure its latest bailout payment. High on the agenda too will be a need to approve a new 130bn euro ($177bn; £111bn) international rescue package from eurozone partners and the International Monetary Fund.
After months of debate it now seems that it is the time for action.
The new government has been authorised by the Greek President. They will be sworn in on Friday November 11, 2011 at 12 noon GMT. Mr Papademos will be in post for 100 days but there are claims that he requested longer in office.
Next Monday the new leader will face a vote of confidence in the Greek Parliament. He should sail through that. If he does not then it is fair to say that in many ways Greece is doomed. Currently the Greek stock market is responding positively to the news that Mr Papademous will head the Greek Unity government.
Eileen Kersey manages TEK Staff Blog