Brussels, 08/11/2011 (Agence Europe) - Lucas Papademos, the former vice-president of the European Central Bank (2002-2010), may be the new prime minister of Greece, according to the latest information circulating in the late afternoon of Tuesday 8 November. Whatever the configuration of the new cabinet that Papademos is expected to form, its first task will of course be to apply the agreements of the European rescue plan, on which Athens has taken a series of commitments. The agreement decided during the night of 26-27 October by the European Council provides for total aid of €130 billion (loans and guarantees) as well as the wiping out of €100 billion in debt out of a total of €350 billion (see other article on the Eurogroup). In exchange, Athens must undergo a strict austerity plan and agree to placing its public finances practically under guardianship. On Tuesday, the Commission called on Greece to draft a letter undertaking to implement the European bail out plan and signed by the outgoing prime minister and his successor, the finance minister, the leader of the opposition and the governor of the central bank. The leader of the Greek right-wing, Antonis Samaras, pledged on Tuesday to abide by the European agreement of 26-27 October on the second bail out plan for Greece. (LC/transl.jl)