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After the AKP lost parliamentary majority on June 7, Davutoglu was given the mandate to form a new government by Erdogan on July 9. He said he would hold talks with the parliament speaker after the 45-day legal period for forming a government ends Sunday.

Whatever the precise cause (and the estimate may in any case be revised down), the outlook for the Greek economy remains bleak owing to the trauma of late June and July when the banks were closed for three weeks and capital controls were introduced.

“The leaders in Havana and the Cuban people should also know that the United States will always remain a champion of democratic principles and reforms”, he said.

He said he would confer with the speaker of parliament to make the call after the 45-day period to form a government ends Sunday night.

The formation of the Laiki Enotita, or Popular Unity party, was announced by 25 Syriza members, hours after Tsipras stepped down as prime minister in a calculated action to consolidate power in a new election.

Greece will go to the polls next month after Prime Minister Alexis Tsipras resigned on Thursday evening.

Amid a growing revolt from the ranks of his own Syriza party and discontent about the course of Greece’s necessary reforms, Greek state broadcaster reported that prime minister Alexis Tsipras will call snap elections after a meeting with his senior advisors, happening now...

Resorting to rhetoric ahead of the first-ever NSA-level talks, Pakistan has accused India of involvement in terrorism, saying “enemy” within the country gets money from overseas to create law and order problem. Modi was speaking about terrorists such as Dawood Ibrahim...

Greek Prime Minister Alexis Tsipras has announced that he will step down, paving the way for early elections following a bruising battle over austerity measures linked to a European bailout package that caused a major split in the leftist ruling party.

Reprinted from Baptist Press (www.baptistpress.com), news service of the Southern Baptist Convention.

The Greek constitution stipulates that when a government resigns, the president should ask the second and third biggest parties – now the centre-right New Democracy and the neo-Nazi Golden Dawn – to try to form a new administration.

But while the term “flip-flopper” may have cost John Kerry the US presidency in 2004, for Mr. Tsipras, the label has not yet been pinned to his lapel.

Prime Minister Ahmet Davutoglu abandoned efforts to build a coalition government on Tuesday, following the failure of talks with the leaders of two smaller parties.

The tape had been played to Prime Minister Nawaz Sharif and Chief of Army Staff General Raheel Sharif, the minister said.

Greece seems to be increasingly heading towards the holding of early elections after the government of Prime Minister Alexis Tsipras has lost vital support from his party in parliament. Elections will be held within a month, with government officials saying September 20 would be...