Conservative French newspaper ‘Le Figaro’ underlined that the decision by Greek PM Alexis Tsipras to call snap elections has weakened the country’s agreement with its creditors. “Greece: What is the future of the aid package”, wonders the French newspaper’s article. After the first 23bln Euro-installment was released to Greece from the new rescue deal via the ESM the Greek PM resigned and called snap elections for September 20 in a brief TV address. The paper estimates that the political instability as a result of the snap elections could undermine the deal.

Meanwhile, Martin Zelmyr, head of European Commission President Jean-Claude Juncker’s cabinet tweeted before the formal announcement by Tsipras: “Swift elections in Greece can be a way to broaden support for ESM stability support programme just signed by PM Tsipras on behalf of Greece”