More turmoil as Greek leaders fail to form coalition government
Linkedin

More turmoil as Greek leaders fail to form coalition government

Athens : Greece | May 09, 2012 at 2:32 PM PDT
XX XX
Views: Pending
 
IMF Greek Crisis - Athens 2012

The leader of the second place finisher in Greek elections the Syriza party has admitted failure today in his attempts to form a coalition government. Alexis Tsipras said he failed because he insisted on rejecting the austerity measures required by the Troika in return for new bailout money.

Tsipras talked only with New Democracy and PASOK the first and third parties in election results. He might have tried a left coalition but the Communist Party has indicated it would not join in a coalition.

The leader of the third running party Evangelos Venizelos now has his turn although it seems unlikely he can be successful. If he fails then there will be elections in June and a long period of crisis. There may be a great deal of pressure on PASOK and New Democracy to form another coalition to avoid elections and carry on with reforms.

If Athens rejects the austerity deal the money that was promised in June will probably not be given. Both the EU and Germany have made it clear they expect Greece to keep its commitments if it expects to have new money.

In the short term the EU will provide an instalment of 6.7 billion to meet immediate debt obligations. Representatives of the Troika (European Commission, European Central Bank and International Monetary Fund) have aborted a trip to Athens that was to happen in mid May. No date has been set for another meeting. The Troika are obviously standing by until the situation in Greece becomes more stable or at least clearer! For more see this article..

1 of 40
Next
Greece's Finance minister Evangelos Venizelos leaves his office in Athens
Greece's Finance minister Evangelos Venizelos leaves his office in Athens
northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 
  • Greek Political Leaders Fail to Form Government

      Voice of America
    Greek Socialist leader Evangelos Venizelos is expected to turn over the responsibility of forming a unity government to the president of Greece on Saturday after failing to resolve a political gridlock and avert the need for new elections. On Friday,...
  • Greek Leftist Party Holds Coalition Talks

      Voice of America
    The head of Greece's radical left party, Syriza, is meeting leaders of the country's mainstream parties in hopes of forming a coalition government. Greece afloat.   Tsipras called Tuesday for a rejection of all austerity measures imposed under an...
  • Greece's radical left leader to meet mainstream party heads in coalition ...

      Fox News
    Greece   The leader of a radical left party tasked with trying to form a coalition government is to meet with mainstream party heads, a day after he demanded they withdraw their signatures from Greece's international bailout deal...Voters furious at...
  • Round 3 for Greek power-sharing talks

      AP Online
    Sunday's poll, pushed into third place with just 13.2 percent of the vote. Coalition talks have failed so far after the second-placed Radical Left Coalition party, or Syriza, insisted that Greece's tough austerity program — part of its...
  • Greece hurtles toward new elections

    Evangelos Venizelos has returned his mandate to Greek President Karolos Papoulias after he too failed to form a new government. Evangelos Venizelos and Karolos Papoulias (Tanjug, file) The parliamentary elections in Greece were held on May 6...The...
  • Greek coalition talks 'end without agreement'

      Al Jazeera English
    Separately, Papoulias's office said he would meet Venizelos on Saturday on 1000 GMT. Earlier in the day, Venizelos held talks with centre-right New Democracy leader Antonis Samaras and other political leaders in a bid to form a coalition. Socialist...

Blogs

 >

Images

 >
 

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.