Germany's foreign minister kept up the pressure on Greece on Friday, saying there could be no more payments of aid unless Athens enacted reforms it has agreed with its international partners.
People walk by the Greek parliament in Athens. Greece's radical leftist Syriza party is set to start trying to build an anti-austerity cabinet and prevent fresh elections, a day after the conservatives failed to form a coalition government.
Greek's socialist leader said on Thursday he was making progress towards assembling a coalition government, but was still well shy of the parliamentary majority that has eluded two other parties.
Greek's socialist leader said Thursday he was making progress towards assembling a coalition government, but was still well shy of the parliamentary majority that has eluded two other parties.
European voters are pushing back on the prescription of austerity as the solution to the debt crisis. With the election this week in France of Socialist Francois Hollande, set to become the nation's first left-wing president since Francois Mitterand left office in 1995, is the latest sign that voters are rejecting the rigors of austerity.
Keywords: VotersPartiesleftThe EuIn FranceThe European
Greece's Socialist leader Evangelos Venizelos faced the thankless task of forming a viable government Thursday, a day after a bid by a radical left-wing anti-austerity party ended in failure.
Workers on scaffolding work in front of the Parthenon Temple at the Acropolis archaeological site in Athens on May 9, 2012. Greece remains in a deadlock over forming a new coalition to lead the country and push ahead on severe austerity cuts that were agreed in exchange for international loans.
Keywords: FormingLoanspartyPartiesThe CommunistsThreatstask
Greek political parties on Wednesday failed to form a viable government amid warnings by creditors that a loan to be paid on Thursday could be the last if Athens failed to honour repayment commitments.
Keywords: BrusselsformThe ImfPartiesTalksfail