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As Prime Minister Alexis Tsipras announced his resignation late last week, he scheduled elections for September 20.

Mr Tsipras had delayed a decision on whether to call a new election until after Greece received its first instalment from the new bailout and made a debt repayment to the European Central Bank; it did both on Thursday.

The Athens stock exchange closed down 2.44pc at 643.86 yesterday, after falling by as much as 4.4pc, while an index of the country’s top four banks fell 25pc to 246.50. To avoid defaulting on it, Greece would need money from the bailout program it is negotiating or, short...

Greek crises has many unanswered questions and silent reservations, where the bailout plan of €86 billion could still be scraped and further developments may experience criminal proceedings, regarding the former finance minister.