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Greek crisis deepens as hopes of forming a government fade

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Greek crisis deepens as hopes of forming a government fade


Greece’s political drama is sinking deeper into crisis with the Leftist candidate for prime minister effectively ruling out forming a coalition with the two dominant parties.

Alexis Tsipras said voters in Sunday’s election had rejected an EU backed loan agreement, describing it null and void and calling for the centre-right and centre-left leaders to revoke the deal.

But Pasok’s Evangelos Venizelos who negotiated the 130 billion euro bailout has already said he would only join a government which is pro-euro and pro-Europe.

And New Democracy chief Antonis Samaras who was initially charged with forming a government and failed has refused saying Tsipras’s plans will be the destruction of Greece.

That leaves only the smaller parties to fall in and there the maths don’t add up. It means Greece appears headed for political stalemate requiring another snap election.

EU officials have rejected any compromise on the terms of the bailout and without it Greece will run out of money by the end of June.

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