Greece to hold fresh elections after talks fail

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Greece to hold fresh elections after talks fail

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Greeks are heading back to the polls. Negotiations to try to form a coalition government have broken down after an inconclusive vote on May 6.

President Karolos Papoulias and leaders of the main political parties held a third day of emergency talks on Tuesday.

Although a date for the new election has not been set, mid-June seems likely. The anti-bailout Syriza party, which rejects a 130 billion euro bailout for Greece’s public finances , is on course to win the vote.

Some Greeks are angry that talks have failed: “There is a big problem. The politicians have put their parties before the country and that’s very bad,” said jeweller Yannis Panagiotopoulos.

Others are looking forward to new polls: “The Greek people have showed that they want elections, they want a new vote. I think it is better to go back to the polls, the sooner the better,” said Ilias, a 62-year-old engineer.

A caretaker government is expected will be announced on Wednesday.

The turmoil means Greece’s future solvency and euro membership remains in doubt. The EU has threatened to cut off funding if Greeks reject the bailout which was agreed in March.