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Old 05-14-2012, 08:47 AM   #1
IodinkBoilk

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Default Greece Nears 'Moment Of Truth'
Reuters | Posted: 05/13/2012 11:45 am

ATHENS, May 13 (Reuters) - Greek political leaders on Sunday ignored a final plea from the president to form a coalition government
to avert a repeat election, pushing the debt-stricken nation closer to bankruptcy and a possible exit from the euro zone.

Leaders of the three biggest parties met at the presidential mansion for a final attempt to bridge their differences, but the talks quickly hit an
impasse as they traded accusations on a deeply unpopular bailout package tied to harsh spending cuts.

Conservative leader Antonis Samaras, who finished first in last week's election, pinned the blame on the far-left SYRIZA party, which flatly rules
out backing a pro-bailout coalition with Samaras's New Democracy and Socialist PASOK parties.

"They are not asking for agreement, they are asking us to be their partners in crime and we will not be their accomplices," said
Alexis Tsipras, who has become an overnight sensation since leading SYRIZA to a surprise second place in the vote.

"Despite the impasse at the meeting we had with the president, I hold on to some limited optimism that a government can be formed," said
Venizelos, whose PASOK party finished a humiliating third in the election, a shadow of its former might.

"The moment of truth has come. We either form a government or we go to elections."
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