Greek PM faces full-blown political crisis

Written by on July 14, 2015 in Europe - Comments Off on Greek PM faces full-blown political crisis

Having agreed a last minute deal with euro zone partners to discuss a new bailout loan for Greece, Prime Minister Alexis Tsipras has a series of political problems to solve this week.

In order for the Greek government to discuss a new European Stability Mechanism – sponsored loan (worth about 86 billion euro) with its creditors and the bridging finance that comes with it, an extensive list of prior actions must be pushed through parliament by July 15.

This is trickier than it sounds as the agreement Tsipras reached on Monday is highly unpopular in the ruling radical left-wing Syriza party and has left the coalition government facing a rebellion.

Energy minister Panagiotis Lafazanis – who leads a group of left-wing hardliners called “Left Platform” – has already made clear he will reject the prior actions brought to parliament.

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(Photo of Tsipras: EC Audiovisual Service)

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