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Greece has a new Prime Minister – one they hope will lead them through their current economic crisis. Former European Central Bank vice-president Lucas Papademos has been appointed after days of negotiations. He’ll be the head of an interim government that was formed to ensure the troubled country gets their $177 billion dollar bailout package.

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A day after its Prime Minister resigned, Portugal now appears to be stepping closer to joining Greece and Ireland on the list of European nations requiring billions in EU and IMF bailout money. Eurogroup chief Jean-Claude Juncker told media members at the EU summit in Brussels that a bailout package for Portugal would likely total 107 billion dollars!

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Jamie Dimon stands up for bankers. JP Morgan Chief Executive Jamie Dimon lashed out against “banker bashing” at the World Economic Forum in Davos, Switzerland. The Wall Street exec claims that not all US banks required government bailout money, and expressed his frustration over the negative portrayal of banks in the media. He said some institutions, including his own, actually helped stabilize the economy after the meltdown.

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