Greece’s President Karolos Papoulias in last-ditch coalition effort

From starting of this week, Greek political outlook dealt a big crucial fact over division of parties.

The country’s socialists became the third party to fail to form a coalition, suggested by political leaders. Also their efforts to convince the leader of a popular leftist party to put together a coalition government in Greece, failed while they refused to join forces with the Socialist PASOK party.

Attempt to create together an emergency unity government; Greek President Karolos Papoulias is preparing to hold talks with party leaders. And if no outcome would reveal, then leaders are prepared for the prospect of fresh elections in next month and more uncertainty for the Eurozone.

As per source said, seeing the reaction of voters backed parties refused to Greece’s bailout deal that requires deep budget cuts last Sunday, claiming politician for its debts and be forced the debt-laden nation to leave the eurozone, the President tried to pressure political parties into a government of national salvation.

PASOK leader Evangelos Venizelos failed to form a new government on Friday, never succeed to convince Alexis Tsipras, leader of popular Syriza party. He had also held talks with winner of the election, centre-right New Democracy leader Antonis Samaras, but failed when there was no in support to give them a majority in parliament.

Being badly frustrated from both parties refusal to form a coalition, Venizelos, while talking to media about his meeting with the president, said, “What’s going to change if we have new elections? Nothing. The time of truth for all (the political parties) has come.
On Saturday at noon, I’m going to speak with the President.”

“I hope, at that point, under the presidency of Karolos Papoulias, everyone can think more maturely and responsibly,” he further added.

Worsen thing for Greece is that shifting from its side, EU paymaster Germany said to cut off the country’s loan lifeline, raised difficulty of impossible situation to progress in Greece, pressured to push through the austerity measures that are required otherwise face the consequences.

As soon as when negotiation failed news revealed, huge uncertain reaction made on the stock exchange in Athens, stuck its lowest level with badly sink of euro to its lowest point since January.

Fearing from the Eurozone crisis, President of the Athens Chamber of Commerce and Industry Constantine Michalos told reporters, “We will have a coalition government emerging, otherwise I fear that if we go to a second election, either on the 10th or 17th of June, there will be a government in place, but maybe the country will be destroyed by then.”

During last Sunday’s elections, results were totally opposed as parties those were opposed to austerity measures and bailout deal of the EU, were gained elections. The Conservatives and Socialists parties were badly hit due to lack of support and violent protests.

Meanwhile, Greek politicians those are battling to form a government, has very less time as only one chance put their best efforts to convince leaders before elections will have to be recalled.

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