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Slideshow Weird restaurants From dining out of a toilet to dining inside a replica airplane. A look at the oddly-themed restaurants of the world. Slideshow Greece calls new election after coalition talks fail Tweet Share this Email Print Related News In about-face, Greece pays bond swap holdouts 12:16pm EDT Greek politicians fail to agree government, talks end 9:04am EDT Analysis & Opinion Counterparties: America’s trillion-dollar student debt burden Research Radar: Greek gloom Related Topics World » Greece » Related Video Euro zone ministers focus on Greece Mon, May 14 2012 1 of 2. Leader of the Independent Greeks party Panos Kammenos (2nd from R) accompanied by party officials, arrives at the Presidential palace for a meeting with other political leaders and the Greek President in Athens May 15, 2012. Credit: Reuters/John Kolesidis By Lefteris Papadimas and Dina Kyriakidou ATHENS | Tue May 15, 2012 12:16pm EDT ATHENS (Reuters) - Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation's slide towards bankruptcy and a future outside the euro zone. An inconclusive election on May 6 left parliament split between supporters and opponents of a 130 billion euro bailout deal which is reviled by Greeks for imposing deep wage, pension and public spending cuts. A second election is expected to produce a similarly divided parliament, with opponents of the EU/IMF rescue consolidating their gains and raising the likelihood of an anti-bailout coalition that reneges on the deal keeping Greece afloat. "For God's sake, let's move towards something better and not something worse," Socialist leader Evangelos Venizelos told reporters after a meeting of party leaders failed to agree on a government of technocrats. "Our motherland can find its way, we will fight for it to find its way." European leaders have said they will halt the aid if promises given in return for the bailout are not kept. If so, Greece could go bankrupt as early as next month. Analysts say that this will almost certainly herald a Greek return to its drachma national currency. "There is now a considerable danger that Greece simply runs out of money next month - that it can't pay wages, can't run public transport, can't maintain infrastructure and that the country just descends into complete chaos," said Jonathan Loynes, chief European economist at Capital Economics, which predicts the country could leave the currency bloc this year. Financial markets, worried that Greece's crisis could spread to bigger euro zone economies such as Spain and Italy, tumbled on the news. U.S. stocks erased pre-market gains while the euro fell against the dollar. Greek stocks fell 5 percent. A compromise for a government to save the country proved elusive after the three biggest parties each failed to form a coalition last week and three additional rounds of talks mediated by the president proved fruitless. The strain of days of wrangling showed on the five party leaders as they sat down to talks at the presidential mansion on Tuesday, with most wearing a dejected look. A tense meeting ensued, Greek media reported. After barely two hours, the politicians threw in the towel. A spokesman for President Karolos Papoulias said a new election would be held, which is expected in mid-June. A caretaker government would be formed on Wednesday, the spokesman said. "ONLY GOD KNOWS" Greece has lurched from one crisis to the next over the past two years, with growing public anger over soaring unemployment and falling living standards as the country endures its fifth year of recession. Nearly one in five Greek workers has no job, while protests, riots and highly public suicides have become common in an increasingly volatile social climate. Initially exultant at having humiliated the once-dominant Socialist and conservative parties in the May 6 vote, Greeks are now increasingly worried the country is on a path of no return. "They should go to hell. Only God knows what's waiting for us now. I'm very scared about the future," said Giouli Thomopoulou, 59, an unemployed office clerk. "I don't think elections will solve anything because in a month we'll be in the same situation." Polls show the leftist SYRIZA party, which rejects the bailout and came second on May 6, is now on course to win a new election, a result that would give it an automatic bonus of 50 seats in the 300-seat parliament. The party's charismatic 37-year-old leader Alexis Tsipras has soared in popularity by promising Greeks a future in the euro zone without the yoke of austerity - horrifying European leaders who say the country cannot have its cake and eat it too. While most Greeks oppose the bailout terms, they overwhelmingly back the euro. Nearly 80 percent want a new government to do all that is needed to keep Greece in the euro, a recent poll showed. European leaders say Athens can remain in the euro only if it sticks to the promises to clean up its finances that it made to secure the bailout. Opponents say those harsh terms are making the situation worse by strangling the economy, which latest data show shrank over 6 percent year-on-year in the first quarter. "The country is finished," said Panos Leonidas, 57, a travel agency employee. "From now on, you can only live here if you're an animal." ($1 = 0.7726 euros (Additional reporting by Renee Maltezou and Karolina Tagaris; Writing by Deepa Babington; editing by David Stamp) World Greece Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (8) GLK wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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