Democratic Left (DIMAR) MP Spyros Lykoudis has denied speculation that he is interested in succeeding Fotis Kouvelis at the helm of the troubled socialist party.

“It's not something I am thinking about, it's not in my intentions,” Lykoudis told Skai on Thursday.

He said he would like to see the country's center-left rally behind a single political party which could then enter into a strategic cooperation with leftist opposition SYRIZA.

Kouvelis tendered his resignation on Wednesday ahead of a central committee meeting on Saturday. “The results... lead me, as I have a duty, to tender my resignation,” he said three days after his party took just 1.2 percent in the European Parliament elections, compared to 6.2 percent in the June 2012 general elections.