Greek Socialist leader Evangelos Venizelos, left, meets with Greek President Karolos Papoulias in Athens
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Greece prepares for crisis talks

After a third failed attempt to form a coalition, the Greek President is preparing for crisis talks to try to form an emergency government and avoid another general election.

Party leaders remain deeply divided about the austerity measures required to meet EU and IMF bailouts, and voters punished those parties which backed the bailout in last week's election.

Mark Lowen reports.

  • 12 May 2012
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