European Central bankers are talking about the possibility of Greece leaving the eurozone.
The inability to form an administration since last Sunday’s election has seen the Athens stock market fall to its lowest level in 20 years and the euro down to its lowest point since January.
“If a member of a club, I am not now speaking about a specific country but if a member of a club does not respect the rules of the club, it’s better not to remain in the club that is for any organization, any institution, in general any project” said European Commission President Jose Manuel Barroso.
Leaders of the main political parties met with Greek President Karolos Papoulias on Saturday as part of last-ditch attempts to form a government and prevent another election.
The latest polls suggest that if another ballot was held soon, far-left anti-austerity party Syriza would win – beating the second position they achieved last time.
Friday’s talks between Syriza’s leader
Alexis Tsipras and head of the Socialist PASOK party Evangelos Venizelos ended without an agreement.