ATHENS, Greece — Rival Greek political parties tried on Monday to hammer out a power-sharing deal to secure a $179 billion rescue package, and European leaders kept up pressure by holding back a vital bailout loan.
Socialist Prime Minister George Papandreou and conservative leader Antonis Samaras held fresh negotiations on the telephone Monday, hours after reaching the landmark agreement to form a coalition for the next 15 weeks. Papandreou is expected to resign after a power-sharing deal is reached.
The new administration's main job will be passing the new bailout package — agreed by international creditors on Oct. 27 — before holding early elections.
In Brussels, Jean-Claude Juncker, the chairman of the Eurogroup, kept the pressure on Greece by saying that eurozone finance ministers have asked the leaders of Greece's two main parties for a co-signed letter reaffirming their commitment to the bailouts and economic reforms.
Greece has survived since May 2010 on a $150 billion rescue-loan program. A second rescue package has been created in which private bondholders have agreed to cancel 50 percent of their Greek debt.