Greek centre-right leader's coalition bid fails

  • Greek centre-right leader Antonis Samaras’ bid to form a coalition government has failed.

    His New Democracy party, which backs tough austerity measures, gained the largest share of votes in Sunday’s elections but he deemed a coalition as “impossible’.

    Far-left group Syriza, which opposes the measures, are now attempting to form an anti-bailout coalition.

    Following the election results, the Athens stock exchange ended the day’s trade down by 6.67 percent.