May 15, 2012
Greece is heading to new elections after party leaders failed to reach an agreement to form a coalition, promising to leave the country in a weekslong political limbo that could threaten its future in the euro zone.
Greece's party leaders failed Tuesday to reach a consensus on forming a government, they said. The leaders were set to meet again Wednesday to appoint a caretaker government that will lead the country to elections, President Karolos Papoulias said in a statement. New elections are most likely to take place June 17.
Mr. Papoulias had positioned Tuesday's meetings with the heads of Greece's four largest political parties—conservatives New Democracy, socialists Pasok, leftists Syriza and nationalists Independent Greeks—as well as the smaller Democratic Left party, as a last-ditch effort to form a technocratic government that could ensure the cash-strapped country wouldn't be cut off from the international aid it needs to stay afloat.
The lack of such a government could render Athens unable to collect the additional international aid it needs to meet its obligations until fresh elections are held and a new government is formed.
More
No comments:
Post a Comment