News Summary: Greek government talks falter

AP News
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Posted: May 11, 2012 1:20 PM
News Summary: Greek government talks falter

TICKING CLOCK: Greece's wrangling politicians were locked in last-ditch efforts Friday to form a coalition government, with chances of a deal appearing slim even with the country's future in Europe's common currency at stake.

THE ROAD HERE: Greeks punished both main parties in Sunday elections for their handling of the country's protracted financial crisis, electing instead myriad smaller parties and leaving a hung parliament with no group able to form a government.

WHAT'S NEXT: Unless an agreement is found, Greece will hold new elections next month.