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Greek Political Leaders To Meet In Last-Ditch Effort


Leftist leader Alexis Tsipras (left) and Evangelos Venizelos of the Socialist PASOK party
Greek President Karolos Papoulias has summoned the leaders of the top three political parties to coalition talks on May 13 in a last-minute scramble to form a government.

Papoulias will meet with the heads of the conservative, socialist, and radical leftist parties, which won the most votes in the May 6 elections but have so far failed to form a government on their own.

If Papoulias fails to broker a coalition agreement, Greece will be forced to hold new elections next month.

The uncertainty has thrown in doubt Greek's commitment to austerity measures imposed in compliance with a 130-billion-euro bailout package as the country's economy flounders.

The head of Germany's central bank warned Greece that no financial aid will be provided if Greece drops its agreements with international creditors.

Based on reporting by AP and AFP