Greek Prime Minister resigns, calls early elections

Protesters attend a rally in front of the parliament building, calling on the government to clinch a deal with its international creditors and secure Greece's future in the Eurozone, in Athens, Greece June 22, 2015. Euro zone finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default. REUTERS/Marko Djurica  - RTX1HMVS

Prime Minister Alexis Tsipras has confirmed his resignation and early election plans for Greece in a live address. The move comes after Athens managed to pay a huge chunk of its €3.4 billion debt to the ECB.

The political mandate of the January 25 elections has exhausted its limits and now the Greek people have to have their say,” Tsipras said in a televised address Thursday night.

Tsipras said that he will now be looking for the Greek people to vote to continue the government program of his leftist Syriza party.

Local media have been speculating about the possible upcoming announcement since Thursday morning. Citing a source in the government, Reuters reported that Tsipras would propose holding the snap elections on September 20. RT

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