In news from Greece, Prime Minister Alexis Tsipras announced his resignation on Thursday, paving the way for new elections. The move came after Tsipras lost the support of many members of his own Syriza party who opposed his backing of the demands of international creditors for yet more austerity and economic reform in exchange for a new $96 billion bailout. Tspiras, who is expected to win in the snap elections, said the vote will give the Greek people a chance to have a say on the new bailout.
Alexis Tsipras: “I would like to submit the government’s resignation, and I would like to express my belief that the constitutional processes need to be set in motion immediately so that we can go as soon as possible, and with all due civility, to elections so that the Greek people can decide in which way the country should be led safely and quickly out of the crisis.”
We’ll have more on Greece after headlines.