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Greece's ruling socialist party

Greece's ruling socialist party led by Prime Minister George
Papandreou continued negotiations late Saturday with opposition
conservatives for a coalition government to save the nation from
bankruptcy, but the talks have been difficult as the opposition party
flatly rejected the idea.

The conservative New Democracy party headed by Antonis Samaras wants a
snap election and is demanding Papandreou's resignation.

President Karolos Papoulias is expected to meet Samaras at the
presidential residence on Sunday. He will urge Samaras to compromise
in order to overcome the current national crisis, but it remains
uncertain whether the opposition leader will give in.

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