Greek Prime Minister Alexis Tsipras is resigning days after the Greek parliament officially approved a third stringent bailout package that will impose further austerity on the struggling archipelago. Government officials told reporters Thursday that Tsipras will turn in his official resignation papers this afternoon and call for a new parliamentary election on September 20th.


Tsipras could have opted to call a confidence vote within the parliament instead of resigning. The decision to quit and call new national elections instead signals that he felt the number of Syriza members who would oppose his continued leadership was too large to surmount by building a new coalition -- or that he didn't wish to split the party further than the renewed bailout deal already has.

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