Greece's Parliament is to be dissolved so new elections can be held June 17.
The decision was announced on Friday after an inconclusive election left squabbling politicians unable to form government
, deepening the country's political crisis and jeopardising its membership in Europe's joint currency
In a symbolic move on Thursday, the 300 legislators elected on May 6 were sworn in for just one day. A caretaker government has been appointed to lead Greece until the new election but it can't make any binding decisions.
The political turmoil comes at a critical time
. Greece must make more cutbacks next month to get new funds from its international bailout, which has kept the country afloat since May 2010.