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Turkish prime minister holds last-ditch coalition talks though prospects for deal look slim

  • Turkish Prime Minister and leader of Justice and Development Party Ahmet Davutoglu, right, speaks with Turkey's Nationalist Movement Party leader Devlet Bahceli before a meeting to discuss forming a coalition government, in Ankara, Turkey, Monday, Aug.17, 2015. Davutoglu's efforts to forge a coalition alliance with the country's pro-secular party have failed last week, edging the country closer toward new elections. His Islamic-rooting ruling party lost its majority in elections in June, forcing it to seek a coalition alliance to remain in power.(AP Photo)

    Turkish Prime Minister and leader of Justice and Development Party Ahmet Davutoglu, right, speaks with Turkey's Nationalist Movement Party leader Devlet Bahceli before a meeting to discuss forming a coalition government, in Ankara, Turkey, Monday, Aug.17, 2015. Davutoglu's efforts to forge a coalition alliance with the country's pro-secular party have failed last week, edging the country closer toward new elections. His Islamic-rooting ruling party lost its majority in elections in June, forcing it to seek a coalition alliance to remain in power.(AP Photo)  (The Associated Press)

  • Turkish Prime Minister and leader of Justice and Development Party, AKP, Ahmet Davutoglu, center right, speaks with Turkey's Nationalist Movement Party, MHP, leader Devlet Bahceli, second left, before a meeting to discuss forming a coalition government, in Ankara, Turkey, Monday, Aug.17, 2015. Davutoglu's efforts to forge a coalition alliance with the country's pro-secular party have failed last week, edging the country closer toward new elections. His Islamic-rooting ruling party lost its majority in elections in June, forcing it to seek a coalition alliance to remain in power. At left is MHP's Semih Yalcin, and at right AKP Faruk Celik. (AP Photo)

    Turkish Prime Minister and leader of Justice and Development Party, AKP, Ahmet Davutoglu, center right, speaks with Turkey's Nationalist Movement Party, MHP, leader Devlet Bahceli, second left, before a meeting to discuss forming a coalition government, in Ankara, Turkey, Monday, Aug.17, 2015. Davutoglu's efforts to forge a coalition alliance with the country's pro-secular party have failed last week, edging the country closer toward new elections. His Islamic-rooting ruling party lost its majority in elections in June, forcing it to seek a coalition alliance to remain in power. At left is MHP's Semih Yalcin, and at right AKP Faruk Celik. (AP Photo)  (The Associated Press)

Turkish Prime Minister Ahmet Davutoglu has met with a nationalist party leader in a last-ditch effort to form a coalition alliance before a deadline for establishing a government runs out this week.

Prospects for a partnership between Davutoglu's Islamic-rooted party and the nationalist party look slim and the premier has already said that new elections appear to be Turkey's "only option."

The ruling party lost is majority in elections in June. Coalition talks with Turkey's pro-secular party collapsed last week.

The nationalist party has set stiff conditions for a partnership while Davutoglu reportedly is seeking a short-lived alliance to govern until early elections.

President Recep Tayyip Erdogan, who founded the ruling party, is also reported to favor new elections in the hopes that the party can win back its majority.