FXStreet (Mumbai) – Greek PM Tsipras managed to quell Greek party rebellion to anti-austerity.
Bloomberg reports that the central committee of the anti-austerity Syriza party decided in the early hours of Friday to hold an emergency congress in September, in which Tsipras’ move to accept a strings-attached bailout from international creditors will be put to the vote.
Finance Minister Euclid Tsakalotos meets representatives from international creditors on Friday to discuss the austerity measures his party has long opposed.
With government appearing vulnerable, Tsipras will have to rely on opposition parties’ support to approve measures attached to Greece’s emergency loans.
Greek PM Tsipras managed to quell Greek party rebellion to anti-austerity.
(Market News Provided by FXstreet)