Prime Minister Alexis Tsipras resigns hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal but had to cave in. Tsipras submitted his resignation to President Prokopis Pavlopoulos and asked for the earliest possible election date. Government officials said the aim was to hold the election on Sept. 20, with Tsipras seeking to quell a rebellion in his leftist Syriza party and seal public support for the bailout program, Greece's third since 2010, that he negotiated. "I will go the president of the republic shortly to submit my resignation, as well as the resignation of my government," Tsipras said in a televised address shortly before he met Pavlopoulos. Faced with a near collapse of the Greek financial system which threatened the country's future in the euro, Tsipras was forced to accept the creditors' demands for yet more austerity and economic reform - the very policies he had promised to scrap when he was elected in January.