Greece crisis: PM Tsipras 'to hold September election'

August 21, 2015 00:23

Greece's Prime Minister Alexis Tsipras is set to call a snap election for 20 September, according to Greek media.

Tsipras has faced a rebellion within his ruling hard-left Syriza party over a new bailout deal which has been agreed with international creditors.

Greece received the first 13bn ($14.5bn) tranche on Thursday, allowing it to repay a debt to the European Central Bank and avoid a messy default.

But the austerity measures needed for the deal angered many in his party.

Tsipras had to agree to further painful state sector cuts, including far-reaching pension reforms, in exchange for the bailout - and keeping Greece in the eurozone.

The overall bailout package is worth about 86bn over three years. The payment of the first tranche was made on Thursday after the bailout deal -- Greece's third in five years -- was approved by relevant European parliaments.

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