November 9, 2011
Greece was engulfed in political uncertainty as power-sharing talks aimed at forming a coalition government collapsed amid intense wrangling, ensuring that tortuous negotiations would drag on into a fourth day.
As Greeks – and European Union officials – looked on aghast, the presidential palace announced that the near bankrupt country's squabbling party leaders would reconvene under the auspices of president Karolos Papoulias .
Suggestions that Philippos Petsalnikos, Speaker of the parliament and a long-time confidant of outgoing socialist prime minister George Papandreou, would be the next leader appeared to torpedo the talks and last night well-placed sources suggested that sparring politicians were once again considering annointing former frontrunner Lucas Papademos to take control of the new government.
"This is an insult to democracy," lamented the veteran leftist Fotis Kouvelis who leads the small Democratic Left party.
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