The leader of the far-right party George Karadzaferis claims that PASOK and New Democracy have agreed upon the name of the new Prime Minister and are now negotiating the details.

The leader of New Democracy softened his position under the pressure from the disaster that can come with the new drachma.

Political cacophony collapsed the already fragile finances of Greece. Among other anomalies in fiscal consolidation and structural reforms, the ultimate goal to lower the budget deficit to 9 percent of GDP by December is unattainable.