In a new hurdle in the Greek tragedy Prime Minister George Papandreou is faced with a new obstacle to attain the new bailout as new austerity measure trigger unrest and strikes and forced the formation of a new government.

The Prime Minister will form a new government today on Thursday and seek a vote of confidence from the parliament after wide unrest in Athens on his new austerity plan.

Papandreou said yesterday in a televised address following the wide unrest Tomorrow I will form a new government, and then I will ask for a vote of confidence. The media reported government sources saying he had offered to step down and make way for a unity government if the opposition agreed on the reform plans and the austerity measures which the nation really needs to acquire the second bailout from the EU and IMF and avert default that can spread chaos and contagion risk across Europe and abroad.