Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Greece set for new elections as stalemate continues

 

Tuesday 08 May 2012 10:10 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

A left-wing party opposed to the terms of Greece's bailout agreements is trying to form a government after a general election stalemate.

The Radical Left Coalition, led by Alexis Tsipras, is to formally receive a mandate to form a government, and get three days to try and hammer out a power-sharing deal.

The party came a surprise second place in Sunday's election, after campaigning hard on a pledge to scrap bailout agreements that have kept the country afloat but also brought in harsh austerity measures. Greece is in its fifth year of recession and unemployment has spiked to over 20%.

Election winner, the conservative New Democracy, had first stab at forming a government on Monday but failed to find enough support from other parties.

Failure to reach a deal this week would trigger another general election in June, raising fears that Greece's painful deficit-cutting program - along with Europe's troubled efforts to resolve its debt crisis - could be thrown off track.

AP

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in