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Eugene

(66,979 posts)
Mon May 7, 2012, 06:13 PM May 2012

Left gets historic chance to pull Greece out of limbo [View all]

Source: Reuters

Left gets historic chance to pull Greece out of limbo

By Dina Kyriakidou

ATHENS | Mon May 7, 2012 5:43pm EDT

(Reuters) - Greece's Left Coalition party will get an historic chance on Tuesday to form a government opposed to the country's EU/IMF bailout, after the mainstream conservatives failed to cobble together a coalition following a shock inconclusive election.

Alexis Tsipras, whose party was catapulted into second place by voters angry with austerity, will take on the tough task of wooing small groups into forming the first leftist government in Greece's modern history.

Greeks plunged their country into political limbo in Sunday's election, angry with the harsh cuts dictated by the bailout deal which is keeping Greece afloat but has also brought the worst unemployment and recession in decades.

By spurning the two main parties, voters shrugged off the risk of bankruptcy and the threat to Greece's future in the euro as officials warned that cash was running out fast.

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Read more: http://www.reuters.com/article/2012/05/07/us-greece-idUSBRE8440DG20120507
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