Greek coalition government possible Wednesday
Updated 2:37 PM ET (AP) ATHENS, Greece – A coalition government could be formed by mid-Wednesday in Greece, the head of the country’s socialist party said Tuesday, easing the nation out of a political limbo as it struggles to deal with a financial crisis that is already affecting Europe’s economy and markets around the world. Evangelos Venizelos’ socialist PASOK party came third in Sunday’s elections. At the core of any administration will be Antonis Samaras’ conservative New Democracy party, which came first in Sunday’s vote and won 129 of Parliament’s 300 seats short of the 151 needed to govern alone. The radical left Syriza party in second place, with 71 seats, has refused to join any government that will implement the terms of Greece’s international bailout, under which the country has received billions of euros in rescue loans in return for deeply unpopular spending cuts and tax hikes. Video: G-20 summit ends with hope for GreeceGreece: Former finance minister key to gov’t talks Venizelos, who handled Greece’s negotiations with its international creditors for several months last year as finance minister, said the government would have the support of the election winner, PASOK and the small Democratic Left party of Fotis Kouvelis, which won 17 seats. “With Syriza’s refusal, the only practical solution now is the creation of a government with the support of New Democracy, PASOK, and the...
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