A final round of coalition talks are set to take place on Tuesday for Greece's political parties in a final bid by
President Karolos Papoulias to broker a deal for a coalition government.
The far-left Syriza party has refused to participate in the talks. This has made the prospect of a parliament set against austerity a real possibility for the country.
This potential scenario is also being discussed by the Europe's leaders and the European Central Bank's governing council.
Al Jazeera's Nadim Baba reports.