Greece Fails To Form New Government; New Elections Appear Likely In June

Alexis Tsipras, leader of Syriza party
Alexis Tsipras, leader of Syriza party

Athens

Last minute efforts by Greek political leaders to form a new coalition have broken down on Tuesday, leaving Greece with few options except for another election in mid June.

Greek politicians ended a meeting with President Karolos Papoulias with no clear signs of an agreement Tuesday.

Greece continues to operate without an elected government since its inconclusive elections on May 6th, leaving the Greek parliament divided between supporters and opponents of a 130 billion Euro zone bailout package.

Recent Greek polls show the leftist Syriza party, which rejects the Euro zone bailout package and its austerity requirements, is poised to win in June elections and gain 50 seats in the 300-seat Greek parliament.

Greek politicians have until Thursday to come up with a government or call for new elections for June.

 

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