Lucas Papademos facts for kids
Quick facts for kids
Lucas Papademos
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| Λουκάς Παπαδήμος | |||||||||||||||||||||||||||||||||
Papademos in 2012
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| Prime Minister of Greece | |||||||||||||||||||||||||||||||||
| In office 11 November 2011 – 16 May 2012 |
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| President | Karolos Papoulias | ||||||||||||||||||||||||||||||||
| Deputy | Theodoros Pangalos Evangelos Venizelos |
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| Preceded by | George Papandreou | ||||||||||||||||||||||||||||||||
| Succeeded by | Panagiotis Pikrammenos (caretaker) | ||||||||||||||||||||||||||||||||
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| Born |
Lucas Demetrios Papademos
11 October 1947 Athens, Greece |
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| Political party | Independent | ||||||||||||||||||||||||||||||||
| Spouse | Shanna Ingram | ||||||||||||||||||||||||||||||||
| Education | Massachusetts Institute of Technology (BS, MSE, PhD) | ||||||||||||||||||||||||||||||||
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Lucas Demetrios Papademos (born 11 October 1947) is a Greek economist and professor. He served as the Prime Minister of Greece from November 2011 to May 2012. He led a special government called a national unity government during a difficult time for Greece, known as the Greek debt crisis.
Before becoming Prime Minister, he was the Vice-President of the European Central Bank from 2002 to 2010. He also served as the Governor of the Bank of Greece from 1994 to 2002. Papademos has taught economics at several famous universities, including Columbia University and Harvard University.
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Early Life and Education
Lucas Papademos was born in Athens, Greece. He finished high school at Athens College in 1966. After that, he went to the Massachusetts Institute of Technology (MIT) in the United States.
At MIT, he studied different subjects. He earned a bachelor's degree in physics in 1970. Then, he got a master's degree in electrical engineering in 1972. Finally, he completed his studies with a doctorate (PhD) in economics in 1978.
Career as an Economist
Papademos started his career in academics, teaching economics at Columbia University from 1975 to 1984. Later, he taught at the University of Athens starting in 1988.
His work as an economist began in 1980 at the Federal Reserve Bank of Boston. In 1985, he joined the Bank of Greece, which is Greece's central bank. He became the chief economist, then deputy governor, and finally the governor in 1994. During his time as governor, he helped Greece switch its currency from the drachma to the euro.
After leaving the Bank of Greece in 2002, Papademos became the Vice-President of the European Central Bank. He held this important role from 2002 to 2010. In 2010, he also worked as an economic advisor for the Greek Prime Minister at the time, George Papandreou.
He is also a member of the Academy of Athens. He has written many articles about economics, financial markets, and how money policies work. He has also spoken about the Greek debt crisis.
Prime Minister of Greece (2011–2012)
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In November 2011, Greece was facing a big economic problem called the debt crisis. The Prime Minister, George Papandreou, decided to step down. Lucas Papademos was then suggested as a possible leader for a temporary government. This government was called a national unity government, meaning it would include politicians from different parties working together.
Papademos agreed to be Prime Minister under two conditions. First, the new government needed enough time to deal with the crisis. Second, important politicians from both the New Democracy and Panhellenic Socialist Movement (PASOK) parties had to join the government. After some talks, these conditions were accepted.
On 11 November 2011, Lucas Papademos became the Prime Minister of Greece. He formed a government with members from PASOK and New Democracy. His main job was to help Greece get a financial rescue package from the European Union. This package came with strict rules about how Greece needed to manage its money. Papademos's biggest goal was to keep Greece as part of the Eurozone, which is the group of countries that use the euro currency.
In early 2012, Papademos explained that people might need to accept lower incomes to avoid a financial disaster. He also said that Greece needed to make changes, like adjusting the minimum wage and changing some benefits. His temporary government stayed in power longer than planned to put more of these changes into action before an election.
In April 2012, Papademos announced that a new general election would be held on 6 May 2012. He planned to step down after this election. However, the election results led to a hung parliament, meaning no single party won enough seats to form a government easily. After more negotiations failed, another election was called for 17 June 2012. Papademos then stepped down, and Panagiotis Pikrammenos became the caretaker prime minister until a new government could be formed.
Personal Life
Lucas Papademos is married to Shanna Ingram. They have been married for over 30 years and do not have children. Shanna Ingram is of Dutch descent and has been involved in charity work, including leading a group that helps children with cancer.
Assassination Attempt
On 25 May 2017, Lucas Papademos was injured when a suspected letter bomb exploded inside his car in Athens. He received injuries to his arm, leg, and stomach, but they were not life-threatening. His driver and another passenger also had minor injuries.
See also
In Spanish: Lukás Papadimos para niños
