Economy World

Greece: into new legislative

ATHENS, Greece (AP) — Greece’s socialist leader Evangelos Venizelos officially gave up the mandate to form a coalition government Saturday after three rounds of negotiations proved fruitless, bringing the crisis-struck country one step closer to new elections.

There are still a tiny chance of forming a coalition government when President Karolos Papoulias will receive in the day the leaders of major political parties to reach an agreement last chance.

If unsuccessful, the Greek voters will return to the polls, as they did on May 6. Since then, three attempts to form such a government have failed: that of Alexis Tsipras, head of the Coalition of the Radical Left (Syriza), of Antonis Samaras, head of the conservative party New Democracy (ND) and Mr. Venizelos, former finance minister and leader of PASOK.

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