On the third day of negotiations since Sunday's election, a new coalition government has been announced in Greece. The coalition will comprise New Democracy, PASOK and Democratic Left.
Evangelos Venizelos, leader of PASOK, made the announcement "Greece has a government". Anthonis Samaras, leader of New Democracy, will meet with President Karolos Papoulias and be sworn in as Prime Minister of Greece on Wednesday afternoon.
Athens News quoted Venizelos as he said "The pre-conditions for the formulation of a government are in place. New Democracy, Pasok and the Democratic Left are facing the responsibility to re-negotiate the bailout. It's a shame that some (Syriza) chose to stay away from this effort."
During Wednesday morning, before the announcement was made, politicians from the three parties spent the time wrangling over which politicians would hold certain government offices. Venizelos gave a speech making clear that "What's crucial is not the government's composition but the National Negotiation Team for the best possible revision of the bailout so that we can keep the advantages, and do what is needed to fight recession, return to growth and boost employment."
Ironically the new government coalition as it now stands could have been formed following the May elections, but Democratic left leader Fotis Kouvelis refused to join a coalition that did not include SYRIZA, the far-left party which won the second highest amount of votes in both elections. Kouvelis has now agreed to make up the numbers without SYRIZA which refused to join any pro-bailout government.