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  Greece will hold new vote after failure to form government
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Last Edited411 Name Removed  May 15, 2012 09:29am
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AuthorPeter Graff
MediaNews Service - Reuters
News DateTuesday, May 15, 2012 03:00:00 PM UTC0:0
Description(Reuters) - Greece will hold a new election after politicians failed to form a government on Tuesday, nine days following an inconclusive vote, prolonging a political crisis that pushes it closer to bankruptcy and exit from the euro.

After a third day of failed talks with political leaders, a spokesman for President Karolos Papoulias said the process of seeking a compromise had been declared a failure and a new vote must be held.

He did not immediately give the date for the new vote, but elections rules suggest it will be in mid June. A caretaker government would be formed on Wednesday, the spokesman said.

"For God's sake, let's move towards something better and not something worse," Socialist party leader Evangelos Venizelos told reporters after the meeting. "Our motherland can find its way, we will fight for it to find its way.
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