by Calculated Risk on 11/12/2011 08:29:00 PM

There will be a confidence vote on Wednesday (obviously Papademos will win), and the troika inspectors (EU, the IMF and the ECB) will visit Greece early next week to obtain commitments from the new government.

But basically the beatings will continue until morale improves (more austerity), although Papademos did say getting the unemployment rate down was a top priority.

A couple of stories from the Athens News: New government offers no austerity relief, may stay longer

Greeks have largely welcomed the new government, saying the somber international policymaker [new Prime Minister Lucas Papademos] is a safer pair of hands than those of politicians they say have put their own interests ahead of those of the country.

But [Theodoros Pangalos, a returning deputy prime minister from the previous cabinet] warned voters not to expect relief from the tough tax measures decided earlier this year to qualify for further bailout tranches.

"The manoeuvring space for any relief measures in 2012 is very narrow," he said.

In his first statement as prime minister, Papademos vowed to fulfill a deal forged last month with eurozone leaders that will release an 8 billion euro loan Athens needs to avoid running out of cash next month plus longer-term funding later.

"The government's main task is to implement the decisions, the conclusions of the October 26th and 27th eurozone summit meeting, and secondly to put into force the economic policies which come together with these decisions," he said.

From the Athens News: Citizens strongly back unity coalition: polls

Greeks strongly support their new technocrat prime minister Lucas Papademos and his national unity government, opinion polls showed Saturday, which also indicated the country may continue with coalition rule after he steps down next year.

I wonder how long the support will last?

Earlier:
• Schedule for Week of Nov 13th
• Summary for Week Ending Nov 11th