• A former Greek Energy Minister Panagiotis Lafazanis and at least 25 Syriza lawmakers create new party

Market news

24 August 2015

A former Greek Energy Minister Panagiotis Lafazanis and at least 25 Syriza lawmakers create new party

A group of at least 25 Syriza lawmakers led by Panagiotis Lafazanis, a former Energy Minister, abandoned the party to create a new movement called Popular Unity. The party is now the third-largest party in the Greek parliament, and could form a new administration.

Greek Prime Minister Alexis Tsipras has submitted his resignation on Thursday evening and called for early elections. Tsipras is seeking a mandate to implement reforms.

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