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Greek Left Drops Bid for Coalition Gov’t

HeadlineMay 10, 2012

Greece’s main leftist party has dropped its effort to form a coalition government after failing to convince rival parties to oppose austerity measures demanded by international lenders. Alexis Tsipras of the Coalition of the Radical Left had launched the coalition effort after a strong showing in weekend elections. But on Wednesday, Tsipras said no agreement is possible with politicians who agree to the bailout terms.

Alexis Tsipras: “In life, there is no such thing as a little bit pregnant, just as there is no such thing as a little bit of bailout agreement. Either they’re wrong policies, just like the bailout, which we will continue in larger or smaller doses, and it will lead us toward catastrophe, or we will demand another solution, beyond these mistaken, catastrophic policies.”

Greece’s Socialist party, which supports the austerity package, will now attempt to form a coalition. If no party can pull it off, another round of elections could be held next month.

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