Tsipras says snap election may be needed if he lacks a parliamentary majority

FXStreet (Mumbai) - Greek PM Tsipras was on the wires on Wednesday that snap elections may be held if his party lacks the required parliamentary majority.

Earlier today, Tsipras said that the deal with the creditors was a painful compromise. He added that the bailout is a wrong recipe and its effects on the Greek economy are reversible. Meanwhile, it was also reported that the European Central Bank (ECB) kept the Emergency Liquidity Assistance (ELA) to Greek banks unchanged.