Polls planned for next month may produce no clear result and could threaten the implementation of the bailout plan that saved Greece from bankruptcy.
Finance ministers are piling the pressure on Greece to make good on pledges to slash public spending before closing a deal on a €130-billion bailout.
Greek coalition leaders failed to reach a deal on austerity cuts after marathon talks but Prime Minister Lucas Papademos is hopeful of an agreement.
Talks appear to be stalling between EU, IMF negotiators and Greek officials.
The new coalition government warns it will run out of options unless the bailout is forthcoming.
Greece’s interim government has pledged to create 150 000 new jobs in the first quarter of 2012 to alleviate the effects of an acute financial crisis.
The leader of the Greek far-right nationalist party Laos says he will support Prime Minister Lucas Papademos until the government’s work is completed.
Greece’s Prime Minister Lucas Papademos has headed to Brussels to fight for the aid Athens needs to avoid bankruptcy.
Greece stands to lose €52-billion in unpaid taxes and is set to raise a mere €1.3-billion out of a €5-billion target for privatisation proceeds.
Occupy Wall Street activists have clashed with police outside the New York Stock Exchange on the movement’s two-month anniversary.
Greece’s Lucas Papademos will seek to take advantage of a rare political truce to push austerity and radical reform and stave off bankruptcy.
Greece’s new unity government under Lucas Papademos faces a race against time to save the debt-stricken nation from bankruptcy.
Lucas Papademos has taken office to save Greece from bankruptcy with a Cabinet filled with many of the politicians who led the nation into crisis.
Former ECB vice-president Lucas Papademos will head Greece’s new crisis coalition, ending suspense over who will try to save the country from default.
