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Greece is likely to conduct another round of elections on June 17 after the country's main parties repeatedly failed to form a coalition government, according to a report. Greek president Karolos Papoulias will hold last-ditch talks on Sunday in a bid to form an emergency government following a third failed attempt at joint leadership, sources have revealed. On Friday Socialist Pasok leader Evangelos Venizelos became the latest to fail to form a government after the radical leftist party Syriza refused to join a pro-austerity coalition, Sky News reports. Venizelos was the third party leader who had tried and failed to cobble together a government after the inconclusive elections. According to the report, Papoulias had been expected to urge party leaders to form a government of national salvation. They had until Thursday to come to an agreement before new elections would be called. Meanwhile, Greece has been under pressure to implement huge budget cuts in order to meet conditions necessary to receive its IMF-EU bailout and stay part of the eurozone. German leaders warned on Friday that Athens could expect no more money without reforms and also suggested that the eurozone would cope if the cash-strapped country left the 17-member currency union.

Greece seeks another round of parliamentary elections