Za par dana, Papandreou je odustao od svoje odluke o referendumu, dao ostavku i na njegovo mjesto je 11. novembra došao tehnokrata Lucas Papademos, stavši na čelo privremene koalicione vlade zadužene za zaključivanje presudnog sporazuma o paketu spasa sa EU i MMF-om.
Within a few days, Papandreou abandoned his referendum decision, resigned and was replaced on November 11th by technocrat Lucas Papademos, who headed an interim coalition government tasked with concluding the vital bailout agreement with the EU and the IMF.