Papademos, bivši potpredsjednik ECB-a, imenovan je u novembru i vodi nestabilnu koaliciju ministara preostalih iz bivše vlade socijalističke stranke PASOK i njenih ogorčenih rivala, konzervativaca iz Nove demokratije, koji su isključili svoja 43 člana zbog glasanja protiv paketa, dok je krajnja desničarska stranka LAO odstupila od vlade.
Papademos, a former ECB vice-president, was appointed in November and is overseeing a wobbly coalition of holdover ministers from the former ruling PASOK Socialists and their bitter rival New Democracy conservatives, who expelled 43 of their members for voting against the package, as the far Right-Wing LAOS party defected from the government.