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A breakdown showing the number of dissenters within Chancellor Angela Merkel’s Christian Democrat-led bloc was scheduled to be released on Wednesday.

The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. “And this something has to translate into a weaker U.S. dollar“.

The new three-year bailout package – Greece’s third bailout in little more than five years – is worth a total of 86 billion euros ($96 billion), and the gradual disbursement of funds depends on the Greek government implementing a series of reforms, including...

In an address to the nation, Mr Tsipras said that he would shortly meet with the “president of the republic” and present his and his government’s resignation.

But, he’s previously proclaimed his loyalty to Tsipras and current finance minister Tsakalotos, who he considers “good friends” and said he enjoys the life of a backbench MP.

Amid a growing revolt from the ranks of his own Syriza party and discontent about the course of Greece’s necessary reforms, Greek state broadcaster reported that prime minister Alexis Tsipras will call snap elections after a meeting with his senior advisors, happening now...

“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. The move to go to elections allows Tsipras to clarify things, and to separate his government from the dissidents”, commented...

The Greek constitution stipulates that when a government resigns, the president should ask the second and third biggest parties – now the centre-right New Democracy and the neo-Nazi Golden Dawn – to try to form a new administration.

But while the term “flip-flopper” may have cost John Kerry the US presidency in 2004, for Mr. Tsipras, the label has not yet been pinned to his lapel.

We are very good friends.

Particularly with uncertainty about the Chinese currency, “people are saying this is risk, and we step away from the market“. “Even then, the dependent question mark over growth will linger”.

European stocks fell into a correction on Friday, with a dismal week for the market rounding off with downbeat data from China and Greece facing a snap election.

European bailout fund supervisors approved the release Wednesday evening.

The DAX is some 16 percent below a record high of 12,390.75 set in April and at its lowest level since January.

The Shanghai Composite closed down 3.4% and the smaller, tech-heavy Shenzhen index lost 3%.