Greece’s politicians failed on Friday to agree to a new government, sending the country hurtling toward a new vote, with radical leftists leading in the polls and poised to scrap the €130 billion bailout that staved off bankruptcy.
Outgoing finance minister Evangelos Venizelos, leader of the Socialist Pasok party, acknowledged his failure to form a government after he was spurned by radical leftist Alexis Tsipras, who has sworn to tear up the bailout.
“The moment of truth is here,” Venizelos said. “I will inform the president tomorrow afternoon.”
President Karolos Papoulias will now have a last chance to meet with all political leaders to convince them to agree to a cabinet, although the odds of success are seen as scant. If he fails, as expected, he must call a new election for mid-June.
Read more: World News: Greece hurtles toward new election as coalition talks fail - thestar.com
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