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Greece crisis: PM Tsipras 'to hold September election' | Greece crisis: PM Tsipras 'to hold September election' |
(35 minutes later) | |
Greece's Prime Minister Alexis Tsipras is set to call a snap election for 20 September, according to Greek media. | Greece's Prime Minister Alexis Tsipras is set to call a snap election for 20 September, according to Greek media. |
Mr Tsipras has faced a rebellion within his ruling hard-left Syriza party over a new bailout deal which has been agreed with international creditors. | |
Greece received the first €13bn ($14.5bn) tranche on Thursday, allowing it to repay a debt to the European Central Bank and avoid a messy default. | Greece received the first €13bn ($14.5bn) tranche on Thursday, allowing it to repay a debt to the European Central Bank and avoid a messy default. |
But the austerity measures needed for the deal angered many in his party. | But the austerity measures needed for the deal angered many in his party. |
Mr Tsipras had to agree to further painful state sector cuts, including far-reaching pension reforms, in exchange for the bailout - and keeping Greece in the eurozone. | Mr Tsipras had to agree to further painful state sector cuts, including far-reaching pension reforms, in exchange for the bailout - and keeping Greece in the eurozone. |
The overall bailout package is worth about €86bn over three years. The payment of the first tranche was made on Thursday after the bailout deal - Greece's third in five years - was approved by relevant European parliaments. | |
Lost majority | Lost majority |
Mr Tsipras is to make a televised state address later on Thursday. | Mr Tsipras is to make a televised state address later on Thursday. |
He is set to submit his resignation to the president to clear the way for the elections, the media reports said. | He is set to submit his resignation to the president to clear the way for the elections, the media reports said. |
Energy and Environment Minister Panos Skourletis said on state TV: "The certainty is that the need for elections has arisen." | Energy and Environment Minister Panos Skourletis said on state TV: "The certainty is that the need for elections has arisen." |
Some 43 of Syriza's 149 MPs had either opposed the bailout or abstained in last Friday's Greek parliamentary vote that approved the deal. | |
The rebellion meant Mr Tsipras, who was elected this January, had effectively lost his parliamentary majority. | The rebellion meant Mr Tsipras, who was elected this January, had effectively lost his parliamentary majority. |
Mr Tsipras had won power on a manifesto of opposing the stringent austerity conditions that he has now accepted. | Mr Tsipras had won power on a manifesto of opposing the stringent austerity conditions that he has now accepted. |
He said he was forced to do so because a majority of Greeks wanted to stay in the eurozone, and this could not be achieved in any other way. | He said he was forced to do so because a majority of Greeks wanted to stay in the eurozone, and this could not be achieved in any other way. |
Greece remains under strict capital controls, with weekly limits on cash withdrawals for Greek citizens. | Greece remains under strict capital controls, with weekly limits on cash withdrawals for Greek citizens. |
If a government resigns within a year of election, the constitution requires the president to ask the second-largest party - in this case the conservative New Democracy - to try to form an administration. | If a government resigns within a year of election, the constitution requires the president to ask the second-largest party - in this case the conservative New Democracy - to try to form an administration. |
If this fails, the next largest party must be given a chance. However, analysts say the mandates can be handed back to the president to allow the snap election to go ahead. | If this fails, the next largest party must be given a chance. However, analysts say the mandates can be handed back to the president to allow the snap election to go ahead. |