Athens: Greek President Karolos Papoulias failed to make any progress on Sunday to form a coalition of top three elected parties a week after Greek elections.
Papoulias is now having one-on-one meetings with the remaining four parties—neo-Nazi Golden Dawn party, the Independent Greeks, the Democratic Left and the Communist party—in Athens that gained representation in last week’s election.
Earlier in the week, the top three parties in the election were each given a chance to form a coalition on their own. The New Democracy party, which won the polls and is led by Antonis Samaras, could not complete the task, nor could the next two parties in line: the radical left Syriza party led by Alexis Tsipras, and the socialist PASOK led by Evangelos Venizelos.
Despite the massive losses suffered by established political parties at the polls, a Kappa research poll published in the weekly To Vima newspaper ahead of the talks, said that over 70 percent of those surveyed were “desperate for a coalition government that will safeguard eurozone membership.”
Greece is headed for its fifth straight year of recession, with the EU Commission estimating a 4.7 percent economic contraction in 2012.
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