The aftermath of another day of violent protests in Greece.

Thousands of Greeks gathered in Syntagma Square on Wednesday to protest a new wave of austerity measures - which ended with masked youths attacking the finance ministry.

Beleaguered Greek Prime Minister George Papandreou has now announced he will form a new government to resolve the country's dire economic problems.

In the square this morning, there were mixed reactions to the news.

[Nikos, Greek Citizen]:

"Definitely he is making an effort. The question for us is whether there will be any result, whether he will succeed in his efforts."

[Amalia Stinga, Greek Citizen]:

"He is afraid, he is not making the effort he needs to make. I have the impression that unfortunately he is afraid, or else, he should have done a lot of things by now. He should have done a lot of things a year ago."

Athens is teetering on the brink of default as it struggles to meet terms to win a second bailout from the EU and International Monetary Fund.

Senior European Union officials now say it is unlikely the country's second bailout will be agreed by Monday, as originally planned.