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Greece's new government still not formed, Tuesday vote failed again

After a third day of failed talks with political leaders, a spokesman for President Karolos Papoulias said the process of seeking a compromis. The Greek president will appoint a caretaker government on Wednesday.
Greece is set to go for a new election after coalition talks have failed to form a government on Tuesday, May 15 nine days following an inconclusive vote, prolonging a political crisis that pushes it closer to bankruptcy and exit from the euro.

After a third day of failed talks with political leaders, a spokesman for President Karolos Papoulias said the process of seeking a compromis. The Greek president will appoint a caretaker government on Wednesday.

Greece remains without a government since its inconclusive election left parliament split between supporters and opponents of a 130 billion euro ($200 million) bailout package reviled by Greeks for imposing deep wage, pension and spending cuts. Polls show the leftist SYRIZA party, which rejects the bailout and placed second in last week's vote, is now on course to win, a result that would give it an automatic bonus of 50 seats in the 300-seat parliament. According to the Boston Herald, unless the Greek people change their minds in a "quickie second election," the anti-austerity crowd will win, Greece will get booted from the euro zone, the European Central Bank will withhold bailout money, and the country will run out of cash.

European leaders say that they will cut off funding for Greece if it rejects the bailout agreed in March, which would mean bankruptcy and all but certain exit from the European single currency.

Greece\'s new government still not formed, Tuesday vote failed again

 
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