Former European Central Bank vice-president Lucas Papademos has been named as Greece's new prime minister, following days of negotiations.
Mr Papademos, 64, said he was taking over at a "critical time" for Greece.
Leaders of the three big parties establishing up a new government of national unity had been meeting the Greek president to try to reach a deal.
Greeks will hope the news provides the stability to get them through their debt crisis, correspondents say.
Mr Papademos, he is not a member of parliament, will lead an interim government until elections can take place in February coming year.
The govermment's main purpose will to ensure debt-laden Greece gets its latest bailout payment, by sanctioning a new 130bn euro ($177bn; £111bn) international rescue deal from eurozone partners and the International Monetary Fund.
"The president, after recommendations by political parties who attended the meeting, has instructed Lucas Papademos to form a new government," the president's office said in a statement.
The new government would be sworn in at 12:00 GMT on Friday, a presidency official said.
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