The Prime Minister will propose a new government to the Parliament tomorrow, expecting support from his own parliamentary group.

Standard & Poor's downgraded the National Bank of Greece, Eurobank (EFG Eurobank Ergasias), Piraeus Bank and Alpha Bank CCC. Credit Agricole was also hit because of its exposure to the Greek government bonds of Emporiki Bank.

The founder of the popular financial edition in the world Forbes participated in Greek PowerSummit 2011 in Athens. He was clear that if the government reduces the taxes and minimizes bureaucracy, there will be a renaissance for the Greek entrepreneurship.

Dramatic political events took place in Athens in the afternoon today after the country was a step away from economic collapse. The two main parties, the ruling PASOK and the main opposition New Democracy, have agreed how to govern from now on.

The replacement of the Minister of Finance Georgios Papakonstantinou is considered to be certain and a consensus figure is wanted for this position, no early elections for now.

Air currents carry pollutants from the Black Sea, the Balkans and northern Italy to the atmosphere over the Greek capital.

Tear gas, Molotov cocktails, stones, water bottles and eggs flew in the air in downtown Athens during the today's innumerable demonstration. Marina Nikolova and Anastasia Balezdrova report from the scene.