UK & World News
Greece Fails To Form Coalition Government
Greek politicians have failed in their latest attempt to form a coalition government to deal with the country's economic crisis.
Alexis Tsipras, the leader of Greece's anti-bailout Left Coalition (Syriza) party, has said he will not join a national unity government with socialist leader Evangelos Venizelos.
"It is not the Left Coalition that has refused this proposal, but the Greek people who did so with their vote on Sunday," Mr Tsipras said.
He added he would not join any government that intended to continue implementing the terms of Greece's international bailout agreement, which he says is too harsh.
Mr Venizelos, who was the last of three party leaders to try to reach an agreement, has said he will hand the mandate back to the country's president on Saturday.
The failure to reach an agreement means that another round of elections may have to take place.
The country's international creditors have warned that whoever emerges to lead the country will be bound by its existing commitments.
Greece's debt crisis has raised the possibility it could default on its debt and be forced out of the eurozone.
Greek journalist Anthee Carassava told Sky News: "Effectively this now goes to the president who steps in and calls in all the political leaders to his office and makes a final attempt to mediate a power sharing deal.
"However, after the emphatic no that we heard from Alexis Tsipras the radical left Syriza party leader, we are seeing Greece bracing for yet another trip to the ballot box."
She added that this could take place on June 17.
what do you think?
Time for revolution in Greece- bring it on
People may get killed,best to do it by voting
Could it be possible, perhaps, that economic crises might be engineered deliberately by capitalist economies in order to give an excuse for slashing public sector spending, controlling the working people by threatening to sack them if they do not toe the line, cutting company taxes and the taxes of the wealthy, imposing pay freezes etc.. An 'economic crisis' puts a great deal of power in the hands of a small number of people, who claim that the benefits gained by the minority at the top and the pain felt by the rest are unavoidable. The Greek and French people, and hopefully next the Irish and then the rest of Europe will no longer lie down and take a good kicking by those who run and/or own the country.
The crisis is caused by Europeans sitting on their fat behinds thinking the world owes us a living,without having to work for it. No such thing ad a free meal
The capitalist don't have to 'engineer' an economic crisis. Their capitalist system provides them with one and they pass it on to us, saying WE have to pay for it. Didn't see many millionaires signing on at the dole. The rich are always in a win-win situation. Recession don't hurt them one bit. Crisis or not, the capitalist still wield that power and it's upto us to organise ourselves and take it away from them.
Yes, Syriza were absolutely correct in refusing to form a coalition with PASOK (the Greek New Labour Party), they were instrumental in dealing out those austerity measures that have angered the Greek working and middle classes. There should be another election and this time Syriza should win a majority and be able to implement some real socialist policies. However, its leadership is still talking about -re-negotiating' the austerity programme. They shoulds tear it up altogether.
What would happen when Greece goes bust,that's what happens when you live beyond your means,do the rest of us pay for them to carry on or do they get it sorted.