Greece reaches edge of abyss as leaders predict failure of government talks New elections will have to be called in June if a coalition cannot be formed by Thursday when parliament is scheduled to convene. Opinion polls have indicated that Syriza, which completely rejects the EU-IMF bailout deal, would win a repeat election. "Syriza wants elections," Mr Kouvelis said, adding that the country was "clearly" heading for a new ballot. Outgoing government spokesman Pantelis Kapsis, speaking on another TV channel, warned that "a political void has been created which is extremely dangerous." The crisis has raised the spectre of Greece defaulting and leaving the 17-member eurozone - a threat that will be high on the agenda when eurozone finance ministers meet in Brussels on Monday. Governments have issued Athens with a clear warning, last week withholding some funds already supposedly signed off for the post-election period. European Commission head Jose Manuel Barroso warned that broken promises render agreements void and raise the prospect of Greece leaving the euro club. President Papoulias produced a letter from outgoing prime minister Lucas Papademos on the state of the Greek economy that said the state only has enough cash to pay salaries and pensions until late June. "The note was mainly on state reserves and the banking system," the government spokesman told Mega TV channel. "A protracted electoral campaign affects revenue and spending, and a billion euros that was supposed to enter state coffers did not," Kapsis said, referring to scheduled loans withheld by Brussels until after the election. Mr Papademos has already warned that Greek banks need to be urgently recapitalised after taking major losses in a bond exchange last month that erased nearly a third of Greece's huge debt.