Greece crisis: Syriza rebels 'to form new party'

Rebels from Greece's main party, Syriza, are to break away and form a new party, reports in Greek media say.

Prime minister and Syriza leader Alexis Tsipras stood down on Thursday, paving the way for new elections.

The move came after he lost the support of many of his own MPs in a vote on the country's new bailout with European creditors earlier this month.

Reports in Greek media said as many as 25 rebel Syriza MPs could join the breakaway party.

Midtown Blogger/Manhattan Valley Follies