EUROPEAN Union policymakers have warned Greece it could not remain in the eurozone if it ripped up its bailout programme as financial markets ratcheted up the pressure on the bloc.

Eight days after inconclusive elections, Greece's political parties have failed to form a coalition and opinion polls show anti-bailout parties would perform most strongly in a fresh vote which is likely next month.

Last-ditch talks led by President Karolos Papoulias yesterday looked unlikely to make headway after the leader of the radical leftist Syriza party said he would not attend and another left-wing leader refused to take part in any coalition without him.

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