Political rivalries keep Greek leaders from resolving crisis
Monday 14 May 2012
For ninth straight day, party leaders were struggling to form a new coalition government, riven by differences over the harsh austerity measures demanded by international creditors in return for rescue loans.
The impasse means the prospect of another national election next month.
The turmoil took a toll on markets across Europe.
The conservative New Democracy party won the May 6 election, but the poll failed to produce an outright winner. Alexis Tsipras, leader of the second-placed, left-wing Syriza party, has refused to join a coalition, demanding that the terms of an international bailout be scrapped or radically renegotiated.
"They are looking for an accomplice to continue their catastrophic work - we will not help them," said a party spokesman.
Many see fresh elections as inevitable. But a new poll could see anti-austerity parties gaining more support and prompt a rift in 17-nation eurozone and raise the risk of a Greek exit from the shared currency.
"Voices of support (in Europe) to Greece ... are becoming fewer and fewer, while there is a frenetic increase of those that are predicting the country's exit from the euro," an editorial in Greece's top-selling Ta Nea said. "The dramatic drop in state revenues during the election campaign and the serious souring of the atmosphere in Europe toward Greece mean that after almost certain repeat elections there will be a need for even tougher austerity measures."
Shut out of main debt markets, Greece is surviving on rescue loans from other euro countries and the International Monetary Fund, who have repeatedly warned that payments will only continue if the country continues its draconian cost-cutting program
Greece's two traditionally dominant parties, New Democracy and the Socialist PASOK lost significant support on May 6.
Since the election, Syriza has gained support.
New Democracy and PASOK could form a government without Syriza if they had the support of the small Democratic Left party - but that small party has refused to join any government without Syriza.
"The president has invited us to a new meeting and I will attend," Democratic Left leader Fotis Kouvelis said. "I will repeat my position, that without the participation of the second largest party, the government would not have sufficient popular and parliamentary support. "
- 1 2015 General Election: Green party will not appear in TV debate alongside Ukip – says BBC
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Of course, teenage girls need role models – but not like beauty vlogger Zoella
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
vary Attractive Salary: Austen Lloyd: MANCHESTER - AN OPENING AT A VERY HIGH Q...
£100 - £110 per day: Randstad Education Ilford: Nursery Manager Long term Ran...
£24000 - £25000 Per Annum plus company car and commission: Clearwater People S...
£45 - £65 per day: Randstad Education Bristol: Supply SEN Support Jobs in Bris...