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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.

European bailout fund supervisors approved the release Wednesday evening.

In the Netherlands, a majority of lawmakers also backed the new Greek rescue after a heated debate in which Prime Minister Mark Rutte was attacked for reneging on an election pledge to not approve another bailout for Greece.

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.

A significant minority of Merkel’s conservatives may vote against the €86bn bailout, sending the government a warning that the latest package is its last chance to keep debt-ridden Greece in the 19-country euro zone.

The article referred to the deal as being the “first fire sale under a SYRIZA government” and a “large present to [Angela] Merkel and [Wolfgang] Schaeuble, clearly in return for their services in the formation of the new, deplorable memorandum”.

A Greek minister gave on Monday the strongest indication yet that the government will call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country’s new bailout deal.

Finance ministers of the 19-nation euro single currency group have approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy.

Mr Schaeuble says he backs the new bailout deal – although he had earlier put forward a plan for Greece to take a “time out” from the euro, in order to stabilise its precarious finances.

“We welcome the successful vote in the Greek Parliament this morning”, said German Foreign Ministry spokesman Sebastian Fischer, whose country has been the single largest contributor to Greece’s previous two bailouts and is the country’s harshest critic.