Greek Coalition Talks Drag Into 9th Day

Europe warns: Euro exit no longer inconceivable
By Newser Editors and Wire Services
Posted May 14, 2012 6:16 PM CDT
Greek Coalition Talks Drag Into 9th Day
A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 14, 2012.   (Petros Giannakouris)

Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to a yet another emergency meeting tomorrow that could see the reins of government surrendered to non-politicians. The hectic haggling in Athens cast a deep gloom over global markets, which fell today on fears that the debt-crippled country will have to hold another election within weeks—the only way out if squabbling party leaders fail to strike a power-sharing deal.

European finance ministers today urged Athens to struggle on with its reform schedule, warning that a euro exit was no longer inconceivable. Late in the day, President Karolos Papoulias convened the three heads of the only clearly pro-European parties, the first-place conservatives, the Socialist PASOK, and the Democratic Left, to try to agree on a coalition government of technocrats or respected personalities, with broad parliamentary support. New Democracy leader Antonis Samaras put it simply: "The effort to form a government continues." (Read more Greece stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.