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Greek coalition in serious doubt

May 14, 2012 • Business


Greek President Karolos Papoulias arrives at the Presidential Palace in Athens, Sunday May 13 2012. Papoulias has called the leaders of Greece’s political parties to meetings on Sunday, in a last-ditch effort to broker a deal for a coalition government.(AP Photo/Kostas Tsironis)

ATHENS, Greece (AP) — Critical talks to form a governing coalition in crisis-struck Greece foundered once more, leading the country one step closer to new elections — and bringing its continued presence in the euro into serious doubt.

Last-ditch efforts by President Karolos Papoulias to broker a deal between wrangling party leaders ended with no deal in sight late Sunday, a week after national elections produced a deadlock, with no party winning enough seats to form a government.

State television said talks would continue Monday evening between the heads of the parties that came in the top Login to read more

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