The newly appointment Greek Prime Minister Lucas Papademos and his new coalition government will present their policies to the parliament today on Monday for debate. The confidence vote expected mid-week and mainly on Wednesday.

The new interim government is backed by the two biggest parties in Greece and a small right-wing nationalist party and expected to easily win the confidence motion, as his government was brought in to secure this wide acceptance even as it pushes through more austerity to secure the new bailout from the EU.

The 2012 though austerity package must be approved amid wide public dismay and an abysmal state of the economy. Papademos now needs to secure the next 8.0 billion euros suspended tranche of last year's bailout, without which the nation will go bankrupt next month, and start implementing the measures needed to secure the new 130 billion euro bailout.