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Greek coalition talks to enter 2nd day


Antonis Samaras, whose conservative party placed first in Greece’s election, leaves the Presidential Palace in Athens after meeting with President Karolos Papoulias on Monday, June 18, 2012. (AP Photo/Petros Karadjias)

Both New Democracy and PASOK want an extension of at least two years to the austerity and reform deadline, to alleviate pressure on a population exhausted by two-and-a-half years of deep income cuts and tax hikes.

Unemployment has soared to more than 22 percent, while Greece’s economy is in a fifth year of deep recession.

Menelaos Hadjicostis and Elena Becatoros in Athens contributed to this report.

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