1 | Greece's ruling Syriza party is edging towards a formal split this afternoon, hours before rebel leftist politicians plan to vote against a new bailout deal to keep the country afloat. |
2 | With opposition support, the government is asking parliament to approve an 85bn bailout deal that Greece needs to avoid defaulting on a debt repayment next week. |
3 | The vote, expected in the early hours of tomorrow, will test the strength of a rebellion by anti-austerity Syriza politicians, which could raise pressure on Prime Minister Alexis Tsipras to call snap elections as early as September. |
4 | The rebels' leader, former energy minister Panagiotis Lafazanis, took a step towards breaking away from Syriza, a coalition of leftist groups which stormed to power in January promising to reverse austerity policies demanded by the eurozone and International Monetary Fund creditors. |
5 | "The fight against the new bailout starts today, by mobilising people in every corner of the country," said a statement signed by Mr Lafazanis and 11 other Syriza members posted on the far-left faction's Iskra website. |
6 | The statement called for founding a "united movement that will justify people's desire for democracy and social justice" although it did not explicitly call for a new party or a split from Syriza. |
7 | Parliament, however, is expected to approve the bailout agreement by a comfortable margin since opposition parties have promised their backing for the government to ensure Greece does not return to financial chaos. |
8 | Mr Tsipras has faced a rebellion among about a quarter of his 149 politicians since agreeing last month to the bailout deal under the threat of a banking collapse and eurozone exit. |
9 | He has long argued Greece cannot repay all its huge debts and demanded a partial write-off. |
10 | However, the creditors - the European Commission, European Central Bank and IMF - have agreed to consider the issue only after a review in October of the government's implementation of its side of the deal. |