Greece's president has summoned leaders of the country's fractious political parties to a Sunday meeting in a final-ditch effort to form a brand new coalition government.
Greek President Karolos Papoulias said Saturday he would meet with conservative leader Antonis Samaras, radical left chief Alexis Tsipras and socialist leader Evangelos Venizelos in fact three did not gather enough support to create a brand new government. Mr. Papoulias' office also said he would meet separately with the leaders of 4 other parties that won enough votes in last Sunday's splintered election to realize seats in parliament.
None of the country's political parties came with regards to winning enough seats to form a central authority by itself. Now, Mr. Papoulias has until next Thursday to broker a deal to create a coalition government. If he fails, Greece should hold new elections in June.
The key point of contention centers at the debt-ridden Greek government's acquiescence to the demands of its international lenders and European neighbors to impose sharp austerity measures in exchange for approval of its second bailout in two years.
Samaras and Venizelos supported the social spending cuts, but Tsipras says voters repudiated the austerity agreement and that Greece isn't obligated to hold it out. Greeks have frequently taken to the streets in massive, sometimes violent protests against the plan calling for higher taxes, reduced pensions and elimination of thousands of presidency jobs.
But European leaders have warned the Athens government that it must perform the austerity measures or they won't send it more bailout money. Financial analysts say that Greece could default on its financial obligations and become the primary country to go away the 17-nation euro currency union.
On Friday, Venizelos announced that the novel Left Coalition, or Syriza, refused to sign up for the Socialists and conservatives in a unity government. The Socialist and conservative New Democracy parties have proposed a gentle phasing out of the harsh measures imposed by the eu Union and International Monetary Fund. The leftists want those measures canceled immediately. Â
Greek voters punished both the Socialists (PASOK) headed by Venizelos and New Democracy led by Samaras for having pushed in the course of the tough economic austerity measures. Both parties have traditionally won 80 percent of the votes in Greek elections, but last Sunday only collected 32 percent.
New Democracy won one of the most parliamentary seats within the voting, followed by the unconventional Left and the Socialists. New polls show the unconventional Left gaining strength because the voting every week ago.
Some information for this report was provided by AP and AFP.
From WhatNewsToday.net
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