Greek Political Turmoil Continues

Mandate to form government passes to third political party as possibility of new election rises.

Greece’s political turmoil entered its fourth day, with coalition talks deadlocked, raising the possibility that another election will have to be held as early as next month.

Evangelos Venizelos, the socialist Pasok leader and former finance minister, will try to form a government when he receives a three-day mandate from President Karolos Papoulias today. Pasok yesterday rejected terms for a government set by Alexis Tsipras of anti-bailout Syriza party, which then gave up its bid to build a coalition.

Greek Exit

“They will decide whether to stay in the euro zone or not,” Schaeuble said at a conference sponsored by German broadcaster WDR in Brussels yesterday. “If Greece decides not to stay in the euro zone, we cannot force Greece.”

End to ‘Charade’

The Communist Party of Greece, which opposes the country’s membership in the EU and has refused to join any coalition government, called for fresh elections to put an end to the “charade” of the parties trying to form a government.

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