Talks on Greek coalition drag into third day

Talks on the creation of a unity government to pull Greece out of a debt quagmire dragged into a third day, yesterday, after hitting a hurdle over EU demands on a desperately needed rescue package.
Greek political leaders failed to name a power-sharing coalition after the conservative opposition rejected EU insistence that a new government agrees to the terms of massive bailout.
The debt-laden country is under international pressure to move swiftly to stave off bankruptcy amid fears the crisis in Greece.
Outgoing premier George Papandreou is expected to meet with President Carolos Papoulias to hand in his mandate yesterday (local time).