Greece's political turmoil entered its fourth day, withcoalition talks deadlocked, raising the possibility that anotherelection will have to be held as early as next month.

Evangelos Venizelos, the socialist Pasok leader and formerfinance minister, will try to form a government when he receives athree-day mandate from President Karolos Papoulias today. Pasokyesterday rejected terms for a government set by Alexis Tsipras ofanti-bailout Syriza party, which then gave up its bid to build acoalition.

“There is no time to lose,” Venizelos said in Athens yesterdayon state-run NET television. “We can't take any decisions thatworsen the recession, increase unemployment or endanger the realeconomy. That means no new elections, no instability, nouncertainty: to remain in the euro.”