Wednesday, May 09, 2012

Tsipras Fails to Form Coalition

Turmoil in Greece 

Anti-austerity SYRIZA (Coalition of the Radical Left) leader Alexis Tsipras today failed to form a coalition government in Greece. The baton will now pass to the Socialist PASOK party leader (who backs the austerity/bailout deal). A new election looms. Read more.

New Democracy won the most parliamentary seats in Sunday's election, followed by SYRIZA and PASOK. But no party won enough seats to be able to put together a new government on its own. Each party that tries gets 72 hours; PASOK's mandate will be the last, after which elections will be required.