Anti-bailout party leads Greek coalition talks
Monday, May 7, 2012
ATHENS, Greece (AP) -- A left-wing party opposed to the terms of Greece's bailout agreements will look to try and form a government after a general election produced a stalemate in parliament.
The Radical Left Coalition, led by Alexis Tsipras, is to formally receive a mandate to form a government on Tuesday, and get three days to try and hammer out a power-sharing deal.
The party won 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 percent.
Election winner, the conservative New Democracy, had first stab at forming a government on Monday but failed to find enough support from other parties.