Greek PM Alexis Tsipras resigning after bailout rebellion

Greek PM Alexis Tsipras resigning after bailout rebellion

Greece’s prime minister says he will call early elections in televised address Thursday night

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Greek Prime Minister Alexis Tsipras (2nd L) arrives for a meeting of political party leaders at the Presidential Palace in Athens, Greece July 6, 2015. (Alkis Konstantinidis/Reuters)

Greek Prime Minister Alexis Tsipras (second left) arrives for a meeting of political party leaders at the Presidential Palace in Athens, Greece July 6, 2015. (Alkis Konstantinidis/Reuters)

ATHENS, Greece — Greek Prime Minister Alexis Tsipras says he is stepping down and calling early elections after suffering a rebellion within his left-wing Syriza party over the country’s new bailout program.

In a televised address to the nation Thursday night, Tsipras defended his government’s negotiating tactics and said Greece got the best deal possible for its three-year, 86 billion euro bailout from other eurozone countries.

He said that now that the country has secured its funding, he felt a “deep moral” obligation to lay his actions before the judgment of the Greek people.

Tsipras was due to formally submit his resignation to the country’s president. Elections will be held within a month, with government officials saying Sept. 20 would be the likeliest date.

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