Nikolaos Georgakopoulos is an economic assistant at the Centre for Financial Studies in Athens. He has tried to explain to GRReporter what the insurance on Greek government bonds, known as CDS, are. He has presented his point of view on what should happen with the Greek foreign debt, stating that the greater the reduction in the face value of debt held by private owners, investment funds and banks, the faster Greece would emerge from the debt crisis.

Sources say deputy prime minister Evangelos Venizelos opposed the candidacy of the banker, because he wanted to change the team of the Ministry of Finance.

Bank of Greece governor urges politicians to form the long anticipated government. Meanwhile, Minister of Finance Evangelos Venizelos refutes the information that he prevented Lucas Papademos from heading the coalition government.

Theodoros Skylakakis is a Member of the European Parliament and cofounder of the Democratic Alliance. GRReporter has asked him to comment on the long discussions on the composition of the new coalition government and give his point of view on the recent events.

Commissioner Olli Rehn answered "No signature, no money". The contradiction incurred may bring new obstacles to the formation of the coalition government.

The main body of the new interim coalition government is already established, reported a representative of the political scene for GRReporter. The former vice president of the European Central Bank Lucas Papademos will take up the post of Prime Minister.

"The Prime Minister informed that the issue about the new Prime Minister will be settled very soon," government spokesman Ilias Mossialos told Reuters. According to sources, George Papandreou and Antonis Samaras had agreed on Lucas Papademos.