Greece’s prime minister faces rebellion after capitulating over the swingeing austerity measures forced on Athens by its eurozone partnersIntroduction: Now for the politics....Energy minister slams “brutal blackmailers and financial assassins” 8.40am BST European stock markets are lacklustre in early trading.Fresh from his mental ‘crucifixion’ at the EU summit, Alexis Tsipras has another few tortuous days ahead of him as he tries to stem a growing left-wing rebellion in his own party, all in order to pass legislation by Wednesday that will go some way to unlocking a third bailout. Some are already speculating that inter-party issues over the weekend’s Greek deal could lead to a much-touted, and no doubt Germany pleasing, Tsipras resignation. 8.32am BST UK chancellor George Osborne is expected to fight efforts to make Britain contribute to the Greek bailout, at today’s ECOFIN meeting of finance ministers.The British government isn’t impressed that the European Financial Stabilisation Mechanism (EFSM) would underwrite the deal. That would break an agreement that the EFSM (funded by all 28 EU members) wouldn’t fund eurozone bailouts again. Related: Greece crisis: Osborne seeks to block use of British-backed fund in bailout 8.15am BST In a fresh sign of political turmoil in Athens, an influential Greek minister has demanded that Alexis Tsipras withdraws the bailout deal agreed in Brussels.“Our so-called partners led by the German establishment, behaved towards our country as being their colony and they are nothing more than brutal blackmailers and financial assassins.”#Greece EnergyMin Lafazanis says govt should take back agreement with creditors 7.55am BST Syriza’s own parliamentary spokesman has described the deal forced on Greece at the Euro Summit as a “coup”, according to Reuters:#Greece #Syriza parliamentary spokesman: Lawmakers will not overthrow mandate given by voters in Jan; There was a "coup" in #Brussels 1/2#Greece #Syriza parliamentary spokesman: Most important thing is to give response to "coup"; Govt of the left must not fall #EuroSummit 7.50am BST Good morning, and welcome to our rolling coverage of Greece’s financial crisis.syriza political cttee meets at 9am as tsipras's biggest battle starts with opposition w/in the party. #GreekCrisisGrowing rumours that #Tsipras may resign this morning along with the whole SYRIZA party. Technocrat gov to come in. #GreeceCrisis Related: Treasury select committee to question Carney on Greek crisis and interest rates Continue reading...
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