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| Greece crisis: Syriza rebels to form new Popular Unity party | |
| (35 minutes later) | |
| Rebels from Greece's main party, left-wing Syriza, are to break away and form a new party, Greek media reports say. | Rebels from Greece's main party, left-wing Syriza, are to break away and form a new party, Greek media reports say. |
| Prime minister and Syriza leader Alexis Tsipras stood down on Thursday, paving the way for new elections. | Prime minister and Syriza leader Alexis Tsipras stood down on Thursday, paving the way for new elections. |
| The move came after he lost the support of many of his own MPs in a vote on the country's new bailout with European creditors earlier this month. | The move came after he lost the support of many of his own MPs in a vote on the country's new bailout with European creditors earlier this month. |
| Greek media reports say 25 rebel Syriza MPs will join the new party, called Leiki Anotita (Popular Unity). | Greek media reports say 25 rebel Syriza MPs will join the new party, called Leiki Anotita (Popular Unity). |
| The party will be led by former energy minister Panagiotis Lafazanis, who was strongly opposed to the bailout deal, reports say. | The party will be led by former energy minister Panagiotis Lafazanis, who was strongly opposed to the bailout deal, reports say. |
| A list of MPs joining the party published by the Ta Nea newspaper showed that the parliamentary speaker Zoe Konstantopulou and former finance minister Yanis Varoufakis were not among its members. | A list of MPs joining the party published by the Ta Nea newspaper showed that the parliamentary speaker Zoe Konstantopulou and former finance minister Yanis Varoufakis were not among its members. |
| Both had opposed a new bailout deal, with Ms Konstantopulou highly critical of her former ally Mr Tsipras. | Both had opposed a new bailout deal, with Ms Konstantopulou highly critical of her former ally Mr Tsipras. |
| 'Eurozone dictatorship' | |
| The left-wing Syriza party won 149 seats in Greece's 300-seat parliament in the last election in January. | |
| The conservative New Democracy party came second, with 76 seats. | |
| In exchange for a new €86bn ($95bn; £61bn) from European partners, Mr Tsipras had to agree to painful state sector cuts, including far-reaching pension reforms - and keeping Greece in the eurozone. | |
| Close to a third of Syriza's MPs abstained or voted against the terms of the new deal last week. | |
| At the time, Mr Lafazanis said he was determined to "smash the eurozone dictatorship". | |
| On Friday morning, the head of conservative New Democracy party, Vangelis Meimarakis, met with Greece's president and he will now be given three days to form a government. | |
| Observers say he does not have enough support and elections will be called. | |
| Reports suggest the election will be called for 20 September. | |
| If Mr Meimarakis fails to form a government, the chance will be given to the new party, analysts say, and then the far-right Golden Dawn party. | |
| They, too, are unlikely to be able to gain enough allies to establish a government. | |
| All parties can waive the right to negotiate and allow the president to approve a snap election. | |
| Mr Meimarakis, however, has said he will try and use his mandate to form a government in the next few days. |