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Greek party officials were tight lipped about why the naming of the new prime minister, which had been expected on Monday, had not happened yet.

The Communist PAME labour group will hold a rally in Athens on Nov. 10 to oppose a new government which it said "has the task to save the monopolies and crush the popular movement."

bond swap plan contained in the bailout package, under which the value of banks' holdings of Greek government debt will be halved.

the New Democracy party which Samaras leads said it would support the new government but wanted no cabinet posts.

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"It is essential that the entire political class is now restoring the confidence that had been lost in the Greek commitment to the EU/IMF programme," said EU Economic and Monetary Affairs Commissioner Olli Rehn.

What is now a regional crisis could hit the global economy if it goes unchecked, and the United States weighed in with a demand that Greece live up to its responsibilities. "We urge the government to move as quickly as possible to fulfill the commitments," said White House press secretary Jay Carney.

Some Greek media speculated that he was setting tough conditions, demanding greater powers than Papandreou or conservative leader Antonis Samaras were prepared to give.

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For two years it has laboured to solve the problems of Greece, a very small part of the bloc's economy, leading to doubts about how it would manage if the debt crisis engulfed the far bigger Italian or Spanish economies.

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Greeks have suffered immensely in the two years that Papandreou has run the country. International lenders have demanded wave after wave of pay and pension cuts, plus tax increases and job losses in return for emergency aid. This has helped to keep Greece in four successive years of recession.

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But after an early burst of compromise as the EU turned the screws on both sides, the drive by the socialist and conservative parties to create a government which will rule only until February appeared to be losing momentum.

The cabinet was due to hold an emergency session on Tuesday and officials said negotiations were under way on the "100 day coalition" which must win parliamentary approval for a euro zone bailout and save the Converse For Women Fashion country from bankruptcy.

Papademos oversaw the nation's adoption of the euro in 2002 as Bank of Greece governor before moving to the ECB, and is a well known figure in European capitals.

Papandreou has been in touch with Papademos, a senior government official told reporters.

Current Finance Minister Evangelos Venizelos, a member of the PASOK socialist party, could stay in his post for the sake of continuity at a time of crisis, said the source, giving the first indication of who would occupy any of the cabinet posts.

Frustration was apparent in Brussels where officials said the new government had to show it was serious about implementing promises Athens has made to its EU and IMF lenders in return for the 130 billion euro bailout.

Monday came and went without any accord on who will lead a new national unity coalition, despite plenty of talk that a former vice president of the European Central Bank, Lucas Papademos, would get the job.

Papademos remained a frontrunner for prime minister. An aide said the Greek economist, who left the ECB last year, had arrived in Athens on Monday from the United States where he is a Harvard academic.

Prime Minister George Papandreou provoked chaos last week by calling a referendum on the bailout, a vote which would probably have rejected the package due to its demands for austerity. Greece faces bankruptcy in December when big debt repayments are due, unless it can get hold of more emergency funding soon. For the euro zone, it is a question of credibility with international financial markets.

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However, PASOK had to hand certain major ministries including any involved in Converse Chucks Womens

´╗┐Greek leaders set to pick new PM

running next February's elections such as justice, the interior and even defence to non party technocrats, he said.

New Democracy would back the 2012 budget and a Converse Womens Trainers

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Greek party leaders are struggling to agree on a new prime minister, despite EU demands that the political class commit itself fast to the nation's financial salvation and end the chaos threatening the entire euro project.

Some Greek media said such demands were a sticking point, with PASOK unwilling to let New Democracy duck out of a government which must take unpopular decisions to tackle a huge budget deficit and make the economy more competitive.

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