New Greek Elections Loom

Anti-bailout party Syriza rejects calls to join the government.

Greece’s political deadlock went into a second week as President Karolos Papoulias failed to secure agreement on a unity government and avert new elections with the country heading toward a possible exit from the euro area.

Greece’s biggest anti-bailout party, Syriza, defied overtures to join the government yesterday, deepening the impasse. Leader Alexis Tsipras won’t attend a meeting called by Papoulias today at 7:30 p.m. Athens time, the party said in an e-mailed statement.

Proposal ‘Failed’

“The president told me that we have no agreement on this proposal of ours as yet,” Fotis Kouvelis, the head of the Democratic Left party, said after meeting with Papoulias. “I regret that this proposal has failed.”

Two Seats Shy

The May 6 election resulted in New Democracy and Pasok, the two parties that supported the international rescue in an interim government this year, being two deputies short of the 151 seats needed for a majority in Parliament.

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