Syriza Says It Won't Join Greek National Unity Government

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Greece's political impasse since inconclusive general elections May 6 has raised the possibility another vote will have to be held as early as next month, with polls showing that could boost anti-bailout Syriza to the top spot. The standoff has reignited concern the country will renege on pledges to cut spending as required by the terms of its two bailouts negotiated since May 2010, and, ultimately, leave the euro area.

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Under the terms of the bailout, a new government will need to spell out how it will save 11 billion euros next month.