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Tsipras Faces Syriza Mutiny

New deal keeps Greece in the Eurozone, but Greeks are divided over terms, some of which Tsipras has fought for months.

By Eleni Chrepa, Ian Wishart, and Rebecca Christie, Bloomberg | Updated on July 13, 2015

Prime Minister Alexis Tsipras returned to face a mutiny within his coalition after he surrendered to European demands for action to qualify for up to 86 billion euros (US$95 billion) of aid Greece needs to stay in the euro.

Tsipras arrived back in Athens to confront lawmakers from his Syriza-led bloc who rebelled this weekend when he sought their endorsement for spending cuts, pensions savings, and tax increases. He met with his closest aides to chart the path ahead, as the Greek parliament faced a Wednesday deadline to pass into law key creditor demands including a value-added tax overhaul, broadening the tax base to increase revenue and curbing pension costs.

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