The ruling PASOK party is divided into two camps at least. Some of them want a change and the others, along with "hard" trade unionism, are ready to drag the country to the bottom, said the Professor in an interview with Anastasia Balezdrova.

The Greek government bonds interest rate reached the skies and the CDS insurances are close to about 2,000 bp.

The innovation was inspired by the 12-year-old Vassilis who is visually impaired but wants to be part of the popular social network like his peers.

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.