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Greek Prime Minister Alexis Tsipras has announced that he will step down, paving the way for early elections following a bruising battle over austerity measures linked to a European bailout package that caused a major split in the leftist ruling party.

“We need to know whether the government has or does not have a majority”, Energy Minister Panos Skourletis told ERT, according to local media reports.

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.

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.

Greece seems to be increasingly heading towards the holding of early elections after the government of Prime Minister Alexis Tsipras has lost vital support from his party in parliament. Elections will be held within a month, with government officials saying September 20 would be...

Greek Prime Minister Alex Tsipras leaves his office in Athens.

Greece’s Prime Minister Alexis Tsipras has announced he is resigning and has called an early election. Tsipras is listening to advice from government colleagues who are recommending that the polls should be held within September as well as those advocating that the snap...

Interrupting their holidays for the second time this summer to cast ballots on a Greek rescue, lawmakers in the Bundestag lower house approved the rescue plan by 453 votes to 113.

In an announcement on national Greek television, seven months after taking office on the promise of rolling back austerity and staunchly opposed to additional bailouts from Europe, Greek prime minister Alexis Tsipras has resigned.

Greece met its Thursday deadline to repay EUR3.4 billion to the European Central Bank, the Frankfurt-based lender confirmed, hours after Athens received a 13-billion-euro payment from its newly approved bailout.

The German parliament has approved a third bailout deal for Greece by a large margin.

The European Stability Mechanism will release the first tranche of funds to enable Athens to meet a €3.2bn bond repayment due to the European Central Bank on Thursday.

Spindler noted that Greece faces an economic crisis, but called on its government to help global organizations like UNHCR take a more active role in places like the overburdened island of Kos.

Greek authorities are planning to add more ferries to the route linking the islands of the eastern Aegean to the port of Piraeus and elsewhere on the mainland in a bid to ease pressure on the islands which are on the front line of an influx of migrants.