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Greece’s Tsipras: party rebels could force early election

Greek Prime Minister Alexis Tsipras receives an interview at a radio station, Athens, Greece, July 29, 2015.

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The complaints were handed in before the latest revelations about the parallel payment system, Greek media reported.

A European official said the process for the reopening of the market was delayed due to fears that it could result in a crash, as well as continued uncertainty about Greece’s political future and that of its banks. In theory, a parallel system formed from the effective cloning of tax accounts would have allowed the finance ministry to continue payments in the form of so-called IOUs.

“It would be euro-denominated but at the drop of a hat it could be developed to a new drachma”, Varoufakis said.

Earlier on Monday the Official Monetary and Financial Institutions Forum, which had organized a conference call between Varoufakis and investors, released a recording of the conversation held between the former minister and financial professionals on 16 July.

In the statement on Monday the politician insisted that under his stewardship the Greek finance ministry had not only served the public’s interest “against many odds” but managed to change economic debate “throughout the continent”.

The premier sent also a strong message to “dissidents” within the ruling Radical Left SYRIZA party who have voted against the July 13 deal and the first rounds of reforms in parliament recently.

Greece may be forced to hold early elections if the government does not have a parliamentary majority, Prime Minister Alexis Tsipras said Wednesday.

“The commission will convene tomorrow morning to decide if the Athens Stock Exchange will reopen on Wednesday or Thursday”, the chairman of Greece’s Capital Market Commission Konstantinos Botopoulos said.

Limiting withdrawals to 420 euros per week, Greece has prevented an exodus of cash from its banks and the bailout deal with global lenders worth up to 86 billion euros is expected to shore up confidence in the ailing bank sector. In the conference call, the economist claimed Mr Tsipras gave him the go signal to come up with a “Plan B” before he took office in January.

This could lead to Tsipras’ abandoning the left wing of his party, to form up a coalition with the opposition, Mantzikos said. That has stoked talk of early elections, just six months into Tsipras’ four-year mandate.

A possible demand by hardliners for a party decision before the bailout agreement is finalised and ratified by parliament was tantamount to “making the bomb explode in (my) hands”, he said.

Now the government is facing a new controversy about a eurozone exit plan, creating uncertainty for this uneasy alliance.

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She added that, while Athens has shipped INCHESin an overall and timely fashion that was adequate ” the reforms demanded for your talks to start, additional will be needed to secure a recovery loan disbursement.

Greece's Prime Minister Alexis Tsipras gives an interview to the radio station''Sto Kokkino 1055' in Athens