Fresh polls loom as third attempt for forming coalition government in Greece fail

Athens, May 12 (ANI): The leader of Greece's socialist party, Evangelos Venizelos, has aid that he has failed to form a new government.

Venizelos said that he would now be meeting the president in a last-ditch effort to avoid fresh polls.

According to the BBC, Venizelos has not been able to make a breakthrough after talks with other parties.

Venizelos is the third leader to try to forge a coalition since Sunday's inconclusive elections.

Greece is deeply divided over budget cuts demanded in return for a bailout by the EU and the IMF.

Following talks with other party leaders on Friday, Venizelos said: "I am going to inform the president of the republic tomorrow and I hope that, during the meeting with Carolos Papoulias, each party will assume its responsibilities."

The president is expected to try to pressure parties to form a government for national salvation, but the BBC believes that he is unlikely to succeed. (ANI)