Late last night, New Democracy leader Evangelos Meimarakis started the first informal meetings with the staffs of other opposition parties.

During his televised address to the Greek nation Alexis Tsipras said he resigns as he has completed the first cycle following the negotiations with creditors and the allocation of the first tranche of the new bailout to Greece.

With today's collapse of -3.52% the stock market has recorded total losses of -18.31% for the 14 sessions following its opening on 3 August 2015.

After the extended session Alexis Tsipras had telephone conversations with political leaders to inform them of the developments. According to sources, the purpose of the Prime Minister is for the caretaker government to take an oath by Monday.

The most likely scenario preferred by Alexis Tsipras is for the government to resign in the coming hours and the early elections to take place no later than 20 September.

So far, the most probable scenario is for the Prime Minister to announce early elections, perhaps even today, the most likely dates for them being 13 and 20 September.

According to Minister of Development, Environment and Energy Panos Skourletis, the company Hellenic Gold has violated the terms in the technical protocols of the mine.