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Greek Coalition Talks Drag Into 9th Day

Europe warns: Euro exit no longer inconceivable

By the Associated Press

Posted May 14, 2012 6:16 PM CDT

(AP) – Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to a yet another emergency meeting tomorrow that could see the reins of government surrendered to non-politicians. The hectic haggling in Athens cast a deep gloom over global markets, which fell today on fears that the debt-crippled country will have to hold another election within weeks—the only way out if squabbling party leaders fail to strike a power-sharing deal.

European finance ministers today urged Athens to struggle on with its reform schedule, warning that a euro exit was no longer inconceivable. Late in the day, President Karolos Papoulias convened the three heads of the only clearly pro-European parties, the first-place conservatives, the Socialist PASOK, and the Democratic Left, to try to agree on a coalition government of technocrats or respected personalities, with broad parliamentary support. New Democracy leader Antonis Samaras put it simply: "The effort to form a government continues."

A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 14, 2012.
A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 14, 2012.   (Petros Giannakouris)
Greek conservative party leader Antonis Samaras ,  leaves  the presidential palace with a car  after a meeting with President Karolos Papou
Greek conservative party leader Antonis Samaras , leaves the presidential palace with a car after a meeting with President Karolos Papou   (AP Photo/Petros Giannakouris)
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COMMENTS
Showing 2 of 2 comments
myflap.blow
May 15, 2012 1:04 AM CDT
Greeces answer is laying there right in front of them. They should just sell the marble from all those ruins! Hell, I'd redo my bathroom in authentic Greek marble, wouldn't you? It aint doin them any good just laying there. But just think- to have a piece that maybe Plato or Socrates sat and had a divine moment on? They made their toilet seats from marble too right? Talk about reliving their eureka moments!
bruno937
May 15, 2012 12:26 AM CDT
Unbelievable !!  The country is going down the drain, possibly to cause a worldwide recession and the new coalition wants to talk about drag? I bet many members r working as  drag queens on the side.to make ends meet. Tsk tsk tsk..

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