People walk past the headquarters of Bank of Greece in Athens, August 27, 2015. REUTERS/Alkis Konstantinidis
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Greece comes one step closer to early elections Thursday as the head of a new breakaway left-wing party returns his mandate to form a government to the country's president after having failed to find willing coalition partners.Greece's president will then either convene a meeting of all party leaders in a last-ditch but almost certainly futile bid to form a coalition government, or directly declare a caretaker government and announce the election date.The polls are expected to be held on Sept. 20 . They come just eight months after Tsipras won a January snap election on promises of repealing the stringent austerity measures Greece's previous governments had to impose in return for two international bailouts.
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