Greece set for caretaker government

Greece’s president is to convene the crisis-struck country’s political leaders again today, this time to appoint a caretaker government that will lead the country into new elections next month.

The meeting follows the collapse of nine days of power-sharing talks made necessary by a May 6 election that left no party with enough votes for a majority in parliament.

The inability to form a government and the prospect of another inconclusive general election have increased concern over Greece’s ability to cope with its severe financial crisis and threatens the country’s continued participation in the euro.

If the party leaders cannot agree on who will lead the caretaker government, president Karolos Papoulias will appoint the head of one of the country’s top courts as interim prime minister.