Tsipras To Call Greek Election On Sept. 20

By Ellie IsmailidouMarketWatch Pulse

Greek Prime Minister Alexis Tsipras is calling snap elections for next month as he tries to quell a rift within his own party over the country's latest bailout deal, according to Greek media. Tspiras informed party leaders of his decision Thursday afternoon and will address the nation at 8 p.m. local time (1 p.m. Eastern), the Greek state TV reported. The most likely election date is Sept. 20, according to Greek press reports citing government sources. Under the Greek constitution, once Tsipras hands in his resignation, elections must be called within 30 days. The president of the Greek supreme court then serves as interim prime minister until the election.

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