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    Greek Parties Agree to Form Coalition Government

    Wed, 06/20/2012 - 06:55 EDT - Yahoo!

    The three parties that back Greece's commitments to bailout creditors have agreed in principle to form a coalition government and are negotiating the final details.

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    Related

    • Greek parties agree to form coalition government

    • No Deal: Greek Moderate Left Party says "No Government Possible"; Chart Explains Why Deal Is Now Impossible

      The talks still continue but good news is on the horizon as yet another political party, the Democratic Left, has backed out of the Unity coalition. Please consider Greece's moderate left says no government possible The moderate Democratic Left party in Greece says it will not join pro-bailout parties in a coalition without the more radical far-left Syriza.

    • No Deal: SYRIZA and Greece's Democratic Left Party Refuse to Join Bailout Alliance; Icing on the Cake: PASOK Will Not Join a Slim Majority; Solidarity is One-Way Street

      Odds of a lasting coalition are slim given the massive vote against the austerity coalition. Fotis Kouvelis, SYRIZA party leader and second place finisher in the elections repeated his position that cooperation with New Democracy and PASOK was not in his intentions. Moreover, Greece's Democratic Left party refuses to join any pro-bailout coalition.

    • Greek "Unity Government" Effectively Collapsed Already; Showdown Underway; New Democracy Party Wants Rollbacks on Austerity Measures

      The very instant the Greek "Unity Government" formed it was divided. Antonis Samaras, the leader of Greece’s New Democracy Party, one of the three coalition parties that formed the government says he will not sign a document demanded by the IMF before it will release the next tranche. That's not all, Samaras actually wants to rework the agreement. Neither will fly (at least with Greece receiving the next tranche of money), and tensions fester.

    • New Democracy Leader "Will Honour Commitments to the EU; Euro Trades Higher; Coalition Review

      Sticking with quotes from the Guardian Live Election Blog, New Democracy leader Antonis Samaras "Will Honour Commitments to the EU". Samaras summarised his speech in English: His party would honour commitments to the EU. It was a victory for all Europe. A call for all political parties that share objectives to form government. Sacrifices of Greek people will be reflected.

    • Gaffe? What Gaffe? Greek Polls? All Over the Place

      I am amused by the Financial Times headline Tsipras shrugs off gaffe about Hollande. When Evangelos Venizelos, the Greek socialist leader, boarded a 7.30am flight to Paris on Tuesday, only his closest aides knew he was on the way to a hastily arranged meeting with the French president.

    • Greek coalition talks to enter 2nd day

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    • Greek Leaders (All 3 Coalition Parties) Oppose New Austerity Measures; Words of the Day: "Hardball", Followed by "Meeting Cancelled" and the Always Popular "Meeting May be Scheduled Later in the Week"

      Shortly after Dutch finance minister, said "We want no further delays" came news of further delays. The reason: Greek political parties all refuse to go along with more austerity measures. Please consider Greece’s leaders oppose new austerity measures

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