Bureau Chief, Greece & Cyprus
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May 21, 2012

Insight: Greece party talks framed by unreality, punctuated by insults

Athens (Reuters) – “Gentlemen, we are finished,” said the patrician President, calling an abrupt halt to two hours of baiting and cat-calling between furious Greek politicians. “I’m starting to get upset myself now. We are finished.”

The final collapse of talks to forge a new Greek government triggered repeat elections and fears of a chaotic exit from the euro zone. But it is the manner of that collapse, the acrimony and rancor cited by Karolos Papoulias, that bodes ill for efforts after June polls to pull Greece back from the brink.

May 15, 2012

Greece to hold new election, jolts euro markets

ATHENS/PARIS, May 15 (Reuters) – Attempts to form a
government in Greece collapsed on Tuesday, jolting financial
markets at the prospect leftists opposed to the terms of an EU
bailout could sweep to victory and nudge the euro zone crisis
into a dangerous new phase.

The turmoil in Athens sent waves around other troubled
members of the 17-nation European single currency area. The euro
slipped below $1.28 while Spanish and Italian bond yields
rose above the danger level of 6 percent as investors scurried
for shelter in safe haven German Bunds.

May 15, 2012

Greece will hold new vote after failure to form govt

ATHENS (Reuters) – Greece will hold a new election after politicians failed to form a government on Tuesday, 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 compromise had been declared a failure and a new vote must be held.

May 15, 2012

Greece will hold new vote after failure to form government

ATHENS, May 15 (Reuters) – Greece will hold a new election
after politicians failed to form a government on Tuesday, 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 compromise had been declared a failure and a new vote
must be held.

May 15, 2012

Hopes dwindle as Greek talks to avert polls drag on

ATHENS (Reuters) – Greece’s president will try to coax party leaders on Monday into backing a government of technocrats to avert a new election, but the talks seemed unlikely to break a stalemate that threatens to drive the country towards bankruptcy and out of the euro zone.

Greece remains without a government nine days after an inconclusive election left parliament split between supporters and opponents of a 130 billion euro bailout package reviled by Greeks for imposing deep wage, pension and spending cuts.

May 9, 2012

Greek socialist makes last-ditch attempt at government

ATHENS (Reuters) – Greek Socialist leader Evangelos Venizelos will make a last- ditch attempt to form a government on Thursday and avoid a new election after voters rejected a bailout deal and pushed Greece into a political crisis.

Chances are slim Venizelos can clinch a deal after both the conservatives and leftists tried and failed to cobble together a coalition in three days of talks following Sunday’s election, when voters spurned big parties and their austerity policies.

May 8, 2012

Left gets historic but slim chance to lead Greece

ATHENS (Reuters) – Greece’s Left Coalition party will get an historic chance on Tuesday to form a government opposed to the country’s EU/IMF bailout, after the mainstream conservatives failed to cobble together a coalition following shock election results.

The odds are stacked against it, raising the prospect of fresh elections.

Alexis Tsipras, aged 37, whose party was catapulted into second place by voters angry with austerity, will take on the tough task of wooing small groups into forming the first leftist government in Greece’s modern history.

May 8, 2012

Left gets historic chance to pull Greece out of limbo

ATHENS (Reuters) – Greece’s Left Coalition party will get an historic chance on Tuesday to form a government opposed to the country’s EU/IMF bailout, after the mainstream conservatives failed to cobble together a coalition following a shock inconclusive election.

Alexis Tsipras, whose party was catapulted into second place by voters angry with austerity, will take on the tough task of wooing small groups into forming the first leftist government in Greece’s modern history.

May 7, 2012

Greeks punish main parties, risk euro exit

ATHENS (Reuters) – Greeks angry at years of austerity shrugged off the risk of a euro zone exit and punished their ruling parties, which failed to win enough votes to form a ruling coalition in Sunday’s election.

With about 95 percent of the vote counted, conservative New Democracy and Socialist PASOK, who have dominated Greece for decades and are the only two major parties supporting an EU/IMF bailout program that keeps Greece afloat, won less than 33 percent of ballots and only 150 out of 300 parliament seats.

May 6, 2012

Rage of Greeks in election endangers bailout

ATHENS (Reuters) – Greek voters enraged by economic hardship mauled traditional ruling parties in an election on Sunday, putting the country’s future in the euro zone at risk and threatening to revive the region’s debt crisis.

The latest official results, with over 50 percent of the vote counted, confirmed projections showing the only two major parties supporting an EU/IMF bailout that keeps Greece from bankruptcy would struggle to form a workable coalition.

    • About Dina

      "Based in Athens, in charge of text, pictures and TV teams covering Greece and Cyprus since 2005. Previously based in Bucharest, in charge of Romania and Bulgaria."
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