Local Greek press reports that PM Papademos, the former ECB board member, will not stay on as PM if Greece is forced to hold a second election.

Pasok leader Venizelos is meeting with the Greek president tomorrow to brief him on his attempts to form a government, ANA reports.

There is also talk that Greece will pay hold-out foreign-law bond investors as part of the restructuring next week rather than force them to take new paper. That would mean those few get 10o cents on the euro while all others got a small fraction of that…