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May 10, 2012

Greek Left Drops Bid for Coalition Gov’t 
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Greece’s main leftist party has dropped its effort to form a coalition
government after failing to convince rival parties to oppose austerity
measures demanded by international lenders. Alexis Tsipras of the
Coalition of the Radical Left had launched the coalition effort after a
strong showing in weekend elections. But on Wednesday, Tsipras said no
agreement is possible with politicians who agree to the bailout terms.

Alexis Tsipras: "In life there is no such thing as a little bit
pregnant, just as there is no such thing as a little bit of bailout
agreement. Either they're wrong policies, just like the bailout, which
we will continue in larger or smaller doses and it will lead us towards
catastrophe. Or, we will demand another solution, beyond these mistaken,
catastrophic policies."

Greece's Socialist party, which supports the austerity package, will now
attempt to form a coalition. If no party can pull it off, another round
of elections could be held next month.

 

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