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May 6 snap election expected in Greece

May 6 snap election expected in Greece
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A snap election in Greece will be called for May 6, according to government officials.

A formal announcement will be made on Thursday, but Prime Minister Lucas Papademos has already met with President Karolos Papoulias to ask for the ballot.

The election may result in no clear winner.

The current administration is backed by the conservative New Democracy party and socialist PASOK party.

Papademos’ interim government is losing public support for agreeing to a bailout package and spending cuts.

Protests continue to be a common occurrence, and on Wednesday it was pensioners who took to the streets of Athens, angry at a drop in their living standards.

Greece’s economic situation has caused the country’s worst financial crisis since World War II, rapidly rising unemployment, and even threatened the stability of the euro.