(CBS/AP) ATHENS - Greece's socialist party head and former finance minister Evangelos Venizelos says that an agreement has been reached for a coalition government.
Venizelos said Wednesday the details of who the ministers will be are still being discussed and would be finalized by Wednesday night. He said the country would be represented at the upcoming meeting of Eurozone finance ministers by outgoing Finance Minister Giorgos Zanias.
Venizelos' party, PASOK, has been in talks with the conservative New Democracy party, which came in first in Sunday's election. New Democracy party leader Antonis Samaras has been tasked by Greece's president to form a government. He is expected to become the country's next prime minister.
Both the conservatives and PASOK have pledged to respect the commitments for further austerity and reforms that Greece undertook as conditions for two massive international bailouts. The Democratic Left - whose leader Fotis Kouvelis has also been in talks with Samaras - is anti-austerity in principle, but wavering.
Leaders of New Democracy have said they will seek to renegotiate the terms of the bailout deal with their European neighbors and the International Monetary fund.
The runner-up in Sunday's ballot, the anti-bailout radical left Syriza party, has refused to join any government that will implement the terms of Greece's international bailout loans.
