George Papandreou did not resign when he met President Karolos Papoulias. However, sources talk about a German ultimatum to resolve the political crisis in Greece within three days.

New Democracy has refused to participate in the coalition government and wants elections. "There can be no national unity government without the participation of the opposition," says Brussels and warns that Greece is closer to exiting the eurozone and the EU.

George Papandreou will visit President Karolos Papoulias on Saturday morning to start procedures to form a coalition government. Antonis Samaras has refused to participate and said that elections were the only possible solution.

Papandreou's withdrawal and a government of capable people to decisively cut the public sector and sell part of state property, which is bringing no income, is the only solution for the country, said Stefanos Manos in an interview with Anastasia Balezdrova.

In general, the majority of people have no clear position on what the future of Greece should be and they are not able to determine whether the country should remain in the eurozone or not.

Many PASOK deputies are expecting to hear the Prime Minister’s intentions before deciding how to vote.

Reading between the lines of Vgenopoulos’ lengthy speech the banker disagrees with the decision of the Cypriot government for only main shareholders to bear the burden of the recapitalization of banks due to the Greek debt crisis.