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Socialist PASOK party leader Evangelos Venizelos is given its chance to form government and Pasok looking for partners on Thursday after two parties that came first and second in Sunday's election failed in talks to form a coalition government. The PASOK party won the third-largest number of seats.An official told Venizelos aims to forge alliances with its former governing coalition partner, the New Democracy party, and a minority center-leftist party.

But the PASOK official says a new election is more likely and the  successful talks would be difficult considering that the minority party is opposed to austerity measures the country promised in return for EU rescue loans. In midst of  political turmoil in Greece, Eurozone countries have decided to hold back part of a scheduled loan payment to the country.

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