the other thing is, syriza's response.sterday, syriza had a party with everyone except the communist party. but every other party agreed to back syriza in its negotiations today. if the ecb decides to completely crashed the greek banking system, i do not believe this government will do what a normal government would do, which is to first of all why the other shareholders and then white out some of the depositors. they will more likely wipe out the private ownership of the banks themselves and nationalize them. if they do that, that is like pressing the new their button for the european union -- nuclear button for the european union. the most likely find itself suspended from the payments. then we would be talking greece exit zone -- exit from the eurozone. in the last 48 hours, fervently wishes they do not get to that point. they do not want to get to that point. at this is not a party that is going to step back and just do what the international finance people want it to do. they would rather lose power than do that, and

to what happens within syriza itself. genie: what kind of effect might this have on the greek prime minister long-term? will there be political fallout for him? nathalie: indeed. tsipras has the leading party of this coalition government, and there is lots of dissent within the party. speaking to a senior official longing -- not long ago, he says there was disrupting in the party because of the bailout and it is unlikely that the administration can last for very long. he mentioned that elections could be imminent. it remains to be seen. some senior hardliners or even ministers have hinted that this is -- that this bailout is just a catastrophe essentially, and prime minister tsipras will have to work on how to lead his party and the country. genie: nathalie savaricas reporting from athens. the greek prime minister spent most of the past night with the french president and the german chancellor. let's listen what to what -- let's listen to what i had to say. angela merkel: i think we found ways where it is true what i have

now that syriza the left wing party has become the ruling party.he communist party has decided this is the chance they have to prevent themselves as the opposition party. therefore they won't be elected simply to turncoat and go to creditors seeking terms. that's what's going on outside. inside, we are -- we have been in committee discussion, over the package of austerity measures that essentially was rejected by greek voters in last sunday's referendum. this is now the package syriza has decided to back and say that it is palatable because it is going to be accompanied by sweeteners such as package from the european commission and hopefully an extension of the repayment of the debt by several decades. but that's going to be difficult to get. so mr. tsipras wants to go to brussels armed with preapproval from his parliament not only for the difficult nub of austerity measures but also as a mandate to go and seek the further things he want, mainly the package and the extension. this vote was delayed. the committee members took longer than expected di

this is the sort of thing being said along the leftwing of syriza, but on the mainstream of syriza we've got the parliamentary spokesman now trying to whip the m.p.'s into shape, saying anyone that doesn't agree needs to resign. that's directed at those two ministers who voted but who did not vote for the measures on saturday morning. it is directed at any other leftwingers, thinking of also voting against them on wednesday. we do have essentially a balance of m.p.'s whoville volt the measures through on wednesday because the communists, excuse me the conservative and the socialist parties have agreed to go into an alliance with syriza on this vote. in other words the opposition will support these m but if there is a major split in the ruling party that could be an issue for the stability of the government and the prime minister. >> difficult days ahead for the people of greece. john, thank you. >> let's go live to hoda. how is this news being received there? >> i'm just outside of the port. this port is now up for sale. the mood wasn't great. they have been hearing about privatization f

guest: there will certainly be turmoil within syriza. syriza willle that dissolve to some degree.ect that alexis tsipras will remain prime minister with support from other parties in a new coalition. it is possible you will get a consensus coalition with new a governmentning with alexis tsipras as prime minister. angie: what is the next step here? ecb, everybody looking at the bridge financing loan that could flow through. political complications do not actually start with greece. guest: they start with greece because for the bailout package to be approved by the eurozone, six of the other member states need to get parliamentary support, including germany, ofland, who have been two the most difficult negotiators for greece to deal with in the past weeks. we can expect there will be majority support in europe for the bailout, but it is not something we can take for granted. we will have to wait and see what happens in the parliamentary debates, which could take a week or so to be brought on before we have some confidence. the details of the bailout can be negotiated. that: what abo

so the hashtag trending, will this lead to the fall of syriza? >> well, i hope not.his is the first left-wing government in this country. this is the first democratic response to the austerity measures in europe, so this government should not fall. it is very superficial and very -- unfair conclusion to claim the prime minister or the government has betrayed the people. they were forced to do that. there are all sorts of other fields that the government can verify or reinstate if left-wing radical orientation, and this is the way the government should proceed. pretty soon, the people are going to face -- or the greek government rather, is going to be faced with more measures and by then, probably the balance of power are going to be different. as of the coup, ok, there many interpretations about this coup. i read someplace today that some 48 years ago, the dictatorship was imposed in this country by -- at the time of the army. today, the coup is imposed by the european bankers and managed to close the greek banks and have held the society hostage. to me, there was no

it has been made very clear why alexis tsipras once to have the full backing of syriza. if he sees the left-wing faction breakaway, what does that mean you go -- mean? we don't know yet. but you will see some changes in greek politics. effectively he is the last man standing. he is the only leader that remains at the moment. what gets behind him remains an open question. it is doubtful that it remains the current one but to be honest i'm not sure that matters. greece will ultimately pass this and i think there is a politic that feels it is the right way to go. that is probably the result you will get later but the wrinkle is how far syriza will go to jon: joining us now is patrick from the global multi-asset greek strategist at j.p. morgan asset strategy. >> markets like a relief rally and that is usually what causes it. does it matter what happens from here so long as this passes? if the greek suffer it is a tragedy for the markets they don't look at that consequence. >> i think one of the headlines i read this morning is that hope has broken out against europe again. i

the problem: the syriza supporting dockers who work here. this man is their leader. and he wants the government to reject the deal it just signed. you could say one thing to tsipras, what would it be? >> so far he has to continue with this and to listen to the people to grow favor and reject this agreement which is not an honest agreement. >> reporter: as syriza's leaders arrived, tight lipped, at a party meeting, their right wing coalition partner was not tight lipped, he called what's happening a coup, blackmail. and it's this pressure that has spurred up to 30 miles per second from the ruling party to rebel, including the m.p. for the area where the privatized port is. >> ( translated ): syriza can only stay united if it sticks to the program it stood on at the election. and that's what it needs to do. there's no growth, and no solution for greece within the eurozone. >> reporter: athens tonight a city whose economy is subdued. its corridors of power buzzing with anticipation of an answer: can the most far left party ever elected in europe, summon the nerve to do

the chief asia economist says that syriza is a gambler and they have one big. >> you have one more card and the card is finally go with me -- they will have to buy this or push that out. remember it will be very hard for the creditors to ban greece out of the eurozone. they did this in a very risky way, but finally with the right results. angie: and billionaire wilbur ross is that greece needs help from its neighbors if it is to deal with its mountain of debt. guest: i think what mr. sippers can do is to get one big concession -- what mr. tsi[prpras can do is get one big concession either outright forgiveness or maturity so it has the same present value of fact, but i do not think he will get much relief from the measures prescribed by the eu. because those are necessary. greece cannot compete in the world if the government spends more than it takes in, even without reference to interest or principal payments on the debt. angie: so how much money does greece have left question mark a finance professor crunches the numbers for us. >> 10 days ago they only had $2 billion left against $139

a vote on the first set split the governing syriza party.anus: bloomberg's european editor joins us from athens. it is going to be a long day of political rhetoric and jockeying in parliament. where are we? is tsipras going to have to reach across the house for support? ben: almost certainly, it will pass. he managed to get the first package of reforms through last week with the help of the main opposition parties and no one is expecting him to struggle to get it through today. the issue will be the scale of the rebellion within syriza. last week, there were 32 syriza lawmakers who voted against the measure. that is 1/5 of tsipras' parliamentary party. that is raising questions about what the governing coalition what it is going to be like going forward. first, they have to get through these reforms. after that, there are big questions about how and if tsipras can continue governing. francine: there's another decision today on further emergency liquidity assistance for greece. can you shed any light on that? can they increase it? ben: well,

greek prime minister has a rebellion on his hands in members of his own party. 17 members of his syriza party stayed away from the proposals didn't vote, when you consider he has 139 syriza members in parliament. but there's a renewed sense of political instability that is feeding into the talks in brussels. can this man deliver on the proposal that he sends if he appears to have a rebellion on his hands. that is a sense that is going to get more answer more intense there is a lot of speculation that even now on monday he is going to have to replace those disobedient syriza mps and clever money suggests there may be another greek election by the end of the year, another complication this country really doesn't need. >> absolutely huge huge problems for greeks who seem exhausted and somewhat frustrated by just how long this has taken. >> reporter: yes personally i haven't been here for about 18 months. and the difference i have found on the streets is, as you say is growing sense of weariness of exhaustion. they are fatigued. and i think they really want a finish to this crisis. i don't

there is but one person from syriza -- as there has been one person from syriza data resigned. people are wondering if he will have to call snap elections area i asked the mayor if he will be willing to form a national unity government was alexis tsipras. here is what he had to say. [no audio] olivia sterns: we might be having trouble finding the sound. the mayor said he is not ready to do that. what is focusing on is a spirit of unity. alexis tsipras likely to find a support a but from the opposition and you may lose has majority in parliament in order to get it through. manus? manus: trying to get the banks open is critical. we have them close and capital controls in place. unlikely they will open any time released soon in terms of lifting the capital controls. any progress apart from mr. schaeuble issuing ious? olivia sterns: they key is mario draghi. he needs extend the life line of the ela. what he said is he will keep the cap on liquidity until the end of wednesday. mario draghi was the scene lawmakers passed the federal forms before is willing to set -- say he will keep

not only with syriza but before sierrasierra da. syriza. new greek finance minister. >> approach was not in place all over the pressures which they have that work everywhere. they resisted. and as said this place is that is worthy of something and tolerate a nonviable solution. this vote means that simple people orderly people and of the middle classes and those that lost their businesses, have said that we want to trust one government who will give a viable solution. so this referendum had a class character, i want to say that at this point wouldn't have reached this point mr. varoufakis, i cannot imagine at this moment that another minister of finance would have assumed to on the 27th of january when the government was sworn in he could help accomplish so that now whole of europe speaks about this viable solution for whole planet, there's something that takes place in this country. that what we ask of this country cannot take place. and i think all of us not just syriza people are not just the government or the collective government but t

greece's new government, led by the radical left-wing syriza party, blames the rest of the eurozone, saying the bail-out agreements weren't generous enough. but syriza's chaotic, and at times confrontational, negotiating style, and its apparent lack of willingness to compromise, has antagonized the leaders of all the other 18 eurozone countries. so many greeks are increasingly disillusioned with their government. reporter: nuts. the balamoutses family business has been processing, packing, and selling them abroad for generations. the company has 18 employees and a big problem. it has already paid their salaries by bank transfer, but the banks are closed, so the employees can't access their money. >> we don't know how we should pay them. we'll probably pay our employees a small amount in cash so they can get by. reporter: cash is in wide use in greece. but the atm's are no longer providing it. the government wants to slow the flow of capital. older greeks in particular are hard hit, because they have no credit or debit cards and pay their rent and grocery bills in cash. >> of course i

in germany, a lot of people i talk to are very skeptical about greece's governing far left party, syriza but when i talk to spanish friends, the reaction is very different. like greece, spain was hit hard by the financial crisis and developed its own large left-wing anti-austerity movement whose members were delighted when syriza got into government in athens at the beginning of this year, promising to end the e.u.'s demands for austerity. but since then syriza has ended , up with even tougher austerity measures as the price for another bailout. this undermines the radical left in spain as does the fact that , the spanish economy is growing again. but young people say they're still not seeing the benefits. >> thanks to visitors from all over the world, barcelona has been witnessing an economic upswing in the last 5 years. there's no trace of recession anywhere to be seen. >> tourism is a cornerstone of the spanish economy and has definitely helped it recover from the recession. >> the cheapest rooms in the majestic hotel cost 350 euros a night. >> we're fully booked at the moment. >> thi

but the push -- the -- the isolation of syriza comes from abroad and domestically.course we have heard the leader of the euro group today tell the dutch parliament that if the greeks vote no they have no place in the euro zone tomorrow. french fundamental made a similar statement saying if you vote yes, we'll come back to the table, if it's no you are on your way out of the euro zone. this amounts to an enormous amount of pressure on greek voters, as they go through their own insecurities here in greece because they don't have access to their money, and they are very worried about the future. they are also very worried about shortages in the marketplace even if they have money at home they are not sure they are going to find groceries in the stores next week. so there is a great deal of insecurity, and all of these warnings from abroad do play on -- on an already worried public here. >> all eyes now, of course john are on sunday's referendum. at this stage is there any indication as to which way the nation may be leaning? >> it's very difficult to call. the governme

remember syriza is a combination of various parties and various faction he. the left has been against the euro basically and also against any negotiations and against austerity. the result is of course he's come back now with very tough package and they don't like it. likely to see a number of resignations and reshuffling of his cabinet in any case. the expectation is that he will still get the measures through that he needs to get by wednesday to convince the creditors that greece in fact means business and it's good to be able to implement things but he's going to get that support mainly from his opposition parties whether it's through democracy center right or through the center left or smaller parties that have been in fact elected in the last elect. new, new parties that are likely to be supporting him and wanted actually a compromise with the europeans. >> so he's going to be relying on the opposition mps to really negotiate on the bailout. what does that mean for syriza as a party for be alexis tsipras to survive? are they going to move more from the l

syriza could be losing a key support there. the young are unhappy. they want growth measures that will reduce unemployment. i think the far left is also going to abandon mr. tsipras. he's going to lose credibility with a chunk of his own party and certainly with the leftwing that lies beyond syriza, so therefore, he's going to have a broader opposition from now on and possibly a narrower support base in the political center. it's going to be difficult sailing, and what people are openly talking about here is a possible reshuffle, as early as this week within the government to remove those ministers who already voted no to saturday's measures and the possibility of elections later on this year. >> all right oh so still a long road ahead for greece. reporting from athens, thank you. >> iraqi forces suffered heavy losses after launching a new offensive against isil. at least 81 soldiers and pro government fighters have been killed during attacks in and around fallujah. isil targeted military positions and residential areas. shia fighters and sunni tribe

we've heard from the party chief who said that syriza is a party under division. he's hearing from all of his mps, and what he's hear something that a lot of them are planning not to toe the party line not to follow the prime minister's lead and vote for this. now we're not really worried that this will pass. this package can't pass through parliament on the support of the opposition. because the socialists and conservatives have said that they'll back the government if the government decides to bring this document to parliament on wednesday. however, we also are concerned that if there is an enormous rift within the government, then the government could succeed in passing this but fail to stand up as a government for much longer. and it's not surprising to hear from the labor minister early today that an election is planned at some point soon. we think possibly in the autumn. it's hard to over estimate how much is ride on this wednesday vote. the european central bank decided to wait until that parliament vote in order to decide whether to release more liquidity

first stop was to persuade members from the ruling syriza party. they were elected to reject austerity. wednesday, m.p.s would be asked to support all of it. not all of them will. this is alexis tsipras's most immediate challenge, looking achievable. getting the difficult laws through parliament on wednesday night. he'll manage with the help of the opposition party. with his own party, they have a bigger problem. leftist members are in revolt. the fact that he appears to have made a u-turn into accepting moral austerity will challenge credibility. outside parliament syriza loyalists would repeat the line that this is the least bad option. >> i repeat, what is important today is that the government gets an answer to the coup. in a country saving an attempt to stop the bankruptcy. >> reporter: economically it's never been worse. businesses close every day. this brother and sister running their furniture business are clinging on. customer confidence that is disappeared. >> they are afraid to spend to purchase new chair, or a new desk. or even starting

but in any case, i don't think the syriza government will resign if there is a yes vote today. >> okay let's look at a no vote then. if it's a no vote that strengthens the position of tsipras but it could mean greece leaves the euro zone. wouldn't that be catastrophic? >> yes, it would. but i don't think it would be development that would come in a matter of days or even weeks or even months. in the initial period, i think there will be negotiations after all, even if a no vote prevails. but it will be in a much more bitter environment in greece's relationship with its partners, its euro zone partners. but it will be at the end the decision of the greek government if it wants to maintain a position in the euro zone, only if it wants to come back to a national currency. i give it a 50-50 chance that after a no vote, if greece exits the euro zone or not. >> yannis thank you very much indeed for that. yanmis speaking to us live from athens. >> thank you, thanks for having me. >>> u.s. democratic presidential hopeful hillary clinton has accused china of hack being and stealing government i

most of the people who voted for syriza where the young. they do not have a job. 60% unemployment.lix: we have to go. greece has dominated the headlines all day, but there's another big story you may have missed and that is coming up. ♪ front and center today, but something you may have missed, oil and china. oil prices sliding well below $60 a barrel. what happened when we had that big selloff? guest: i wish i had a great answer for you. not an oil expert, but i have watched this oil maneuvers since 100 plus and watched it go down. martin -- part of my thinking was as emerging market slows and emerging growth picks up, there is a natural move away from commodities. that was consistent with what we saw and commodities and oil. the brazil economy is not that strong, the data comes out bad, the chinese economy is weakening. russia is not in a great place. the oil story got messed up at the bottom because demand picked up so much and surprised people have quickly the demand picked up. i guess this movie here is telling us that that demand move might not be as real as people thought an

if there is a yes vote syriza is out of government. they have to put a new government together.that is to begin a new negotiation with the e.u. if there is a no vote then according to mr. varoufakis he wants to start a new discussion with the e.u. i think on both sides that discussion has to be based on some realistic appreciation of what the possibilities are for the greek economy and what the european union or the euro can do for the greek economy. there have been totally only unrealistic positions on both sides. any plan that requires greece to produce -- can only be a non-starter. a plan that ignores the fact that the greek sovereign debt position is unsustainable equally is a non-starter. i think we need to get back to reality and look at those two issues and see what we can do about it. there is a way of doing it. manus: the creditors and the europeans have handled this situation. ireland, portugal and spain. and tds very much in ireland and -- it is very much in ireland, portugal and stain's interest to crush down on the greeks because they want to show their domestic aud

switchinge minister yesterday that he said syriza had. supported.ucedl which many new issues and to speaks of 50 billion euros and guarantees it refers toerty the complete destruction of constitutional value and we cannot agree with it. asset sales have been a key issue. they have been trying to sell it and haven't managed to do it. guest: syriza swept into power by vowing to unwind these asset sales. all of these units blocked these asset sales and now it will be up to teresa and tsipras -- up , however and tsipras long he remains in power, to sell these. it is a perverse situation. rishaad: a harsh backlash against angela merkel as well. saying greece is losing its sovereignty. a german ally said they are effectively making it a protectorate. guest: interesting to see these comments. those who make them perhaps loose sight of the fact that all along angela merkel had stood up resolutely and said we want greece to remain in the eurozone. she has maintained the value of the common currency project, and has done so avoiding the rhetoric others have i

is there anyone else showing signs of support on the international stage to syriza and prime ministeras? guest: there is no support amongst those who actually make decisions for there is a -- decisions. they are trying to make improvement. among politicians who make the decisions, i fear that the big government has managed to alienate most people. in the past week, president hollande of france has demonstrated that the same could be said about mr. renzi. perhaps he knows because they will be down in the next few years or so. there is no front. there is no group of politicians who open and systematically support mr. tsipras's view. the exception is the outgoing chancellor. this could be seen as support for what mr. tsipras's is trying to do. anchor: he is an isolated figure, but you can understand why the greeks have resorted to voting for such a figure and his policies. up until now, nothing has shown any side of bearing towards them at all. guest: that is a good point. in 2012 the country had to elections in may. tsipras's party took an ambivalent position on the euro. they won the e

alan, how did we get to the situation where the greek people are in such misery, where a party like syriza was electable along with four-right parties? your opening statement implies that you do very much believe germany bears a large share of the blame. alan: second 2010 greece -- act in 2010, greece owed to the banks a lot of money and they would have gone bankrupt if merkel did not step in. in europe, they have taken the place of the bank. merkel saved the banks. the cost of the whole electorate of europe, as you said, and especially of germany, greece's creditors. the taxpayers. now she can't back down because she can't explain to the german pack tears -- german taxpayers that they are throwing their money away for these lazy greeks. that made for a political problem. somewhere down the line we need to to have a nation go into insolvency and solve its problems on its own terms. this is what the talk of greek national dignity is about. it is time for the greeks to let them sort these things out themselves. ursula: if you go back to 2010 in the situation, the world economy has been there

it has already created a rift in the ruling syriza party. some have compared greece to sisyphus having an already unsustainable debt, yet needing to impose further cuts. greek prime minister alexis tsipras will have his work cut out for him implementing the new reforms, experts say. >> the frequency and range of measures that will have to be taken in the next two months will put a very high pressure on the government. the government may find itself in a difficult position to pass new legislation that will touch upon the interests of narrow interest groups, particularly so groups which have supported syriza to win the election of last january. will: those developments understandably having an effect on the market. u.s. stocks traded higher this thursday. higher earnings progress in the tech sector. the nasdaq well up over 1%. many investors waiting to see how the bundestag will vote on the greek bailout. the average age of a run's -- of iran's planes is 20 years old. president hassan rouhani estimates that could mean a major windfall after ec

greek prime minister alexis tsipras is facing a result in his own left-wing syriza party. the greek parliament will vote later today on the bailout deal reached over the weekend with leaders of the eurozone. tsipras was forced to accept harsh terms after greece defaulted on debt and closed banks. the bailout what provide 86 billion euros of financing for greece over three years. the conditions are so strict many of the prime minister's own mps say they will vote against it. for more from athens, the political fallout has already begun. we have heard one official who has released. >> the deputy finance minister's resignation letter has just become public. she could no longer accept the bailout, which she calls a tombstone for the greek people. she sees the negotiation between greece and creditors as a war. as such, she says she can no longer continue in these -- not negotiations -- but a bailout which essentially is difficult for the young generation. she's the first of a long list of mps we are expecting to resign today. the energy minister is also one of the hardliners wh

there won't be a sunday vote within syriza on this plan to go forward.here will be something in september. mr. tsipras could be looking towards september to make sure mr. varoufakis stays within his camp. varoufakis voted no on that first bailout package and yes on the second one. maybe an attempt to keep mr. varoufakis a little closer. francine: this also allows mr. tsipras to hang on to the rebels a little more. he's saying, i'm with you, we tried this. this is something i actually thought about. we decided not to do it. it kind of makes him a little more that gray area within the rebels. hans: we will see to what extent opposition lawmakers focus on the past and demand that mr. tsipras come clean on what he knew and when he knew it and how first he was in this plan. mr. varoufakis has indicated he wasn't. going forward, it looks like mr. tsipras does recognize that he's got a challenge within his party. he also has to stay within the center. he's going to need opposition votes. he's going to need other party support to get this passed through parliame

>> >>> the greek deputy interior minister said some political groups want to remove the governing syrizam power. >> we have made a number of important concessions. many of them painful for us. last monday, they have said to us your proposals are a good basis for discussions, and then they presented us an ultimatum. not only that, they refused to increase the liquidity of our banks, and pushed us to close the banks with holy day banks, and created by this way a climate of terror in greece. that does not allow the calm expression of the political will. this is psychological warfare. it is not nationalistic issue, i'm giving you an example. when we have chancellor of austria making a statement for us, five minutes later the minister of finance, who belongs to the same coalition, he is a conservative whereas the chancellor is social democrat, he is making an inflammatory statement. practically the subdivision is not national lines, it is along political lines a vision of social europe, versus a vision of neo-liberal. europe of austerity. in greece we are becoming the mirror of the future of

on the other side of the parliamentary divide you have the syriza the ruling leftist with the coalition partners and they are backed by the far right golden dawn and the far left communist party. together the parties represent more than 50% of the parliamentary seats, and more than 50% of the popular vote in january. i don't think the diane 578ics with regards to austerity, the main dividing line in the political debate for several years changed since that general election. if we had to take a view on which way the election would go we wouldn't be surprised to see a substantial majority in favour of a no vote. >> if alexis tsipras had his way... ..if alexis tsipras had his way, he's urging the electoral to vote no. what happens if that happens, if that's the outcome. >> well if alexis tsipras has his way. what he has promised to do is get on a plane and get back to brussels back to the talks he walked out on a week ago, and back to the document. he will then try to improve upon it with the renewed authority with the referendum that presumably if it's a no he'll interpret as strengthenin

even the fountain bore the syriza party colors. anchor: eurogroup ministers expect new proposals from greece for tuesday's talks. meetings are already being held with french president francois hollande and german chancellor angela merkel quick to set out times to talk. reporter: as soon as the result was announced, principal on called angela merkel -- francois hollande called angela merkel. they will be meeting this monday in paris, at a working dinner, where greece's future in the eurozone will be top of the agenda. for now, they declared the greek vote must the respected, but differences remain between them -- must be respected but differences remain between them. merkel is facing pressure at home to keep a firm line with greek officials. it's up to athens to act according to the german -- to act, according to the german foreign minister. >> what conclusions can be made? first and foremost, this is a decision for greece. therefore, the ball is now in athens' court. reporter: the german economy minister, sigmar gabriel, lashed out

we do not support the syriza government.e support our homeland and so we vote yes to secure our country's place in the euro. we vote yes to restore trust lost because of your actions. thomas: the veil covers rules for dealing with banks and the justice system. more conditions set by greece's creditors to pave the way for talks on an. 86 billion euro bailout failure to pass the measures could spark fears over greece's future in the eurozone or have undermined alexis tsipras' coalition. he said he would continue his fight for the greek people to the end. alexis tsipras: i do not plan on voluntarily leaving. we will not be cowardly. we will not throw our shields down. nor will we be apologists for lost battles. thomas: more battles ahead and contentious reforms including the phasing out of early retirement and tax hikes farmers. catherine: in turkey, kurdish militants say they killed two police officers on wednesday. the kurdistan workers party describing the attack as revenge against the state for in their words collaborating

these were all functioning demack rahsies, and syriza, that -- democracies, and syriza the party in greecea backlash to the parties that got them in in the first place. you can under why the greeks did what they did, to some extent? >> to some extent, yes, but the problem in part is the european authorities themselves contributed to this kind of outcome, profile by doing what merkel has been doing recently, by saying by hook or by crook we'll keep the eurozone together. if you take that stand, you invite governments of indebted countries to do what greek did, which is to gamble on the possibility of continued ipp fuses and continued compromises to a gas that, itself, is no -- to a government that, itself, is not prepared to take steps to get its fiscal house in order. it was a big gamble. it looks hike it may not pay off at this -- looks like it may not pay off at this point. finally the e.c.b. is drawing a line in the sand that perhaps if will not cross. but, for several years now they have not been able to maintain such a line and resist crossing it. if they called the bluff of the heavi

i think syriza does not have 61%.of the population saying i do not want to do more concessions stuff. i do not have anything more to lose by trying to do an imf program. tom: i want to come back with ambassador daniel speckhard in a moment and talk about his efforts at lutheran world relief. what it means for the social fabric of greece. the charity that will be necessary to stabilize greece. coming up on bloomberg, hans hume will join market makers this is markets stabilizing this morning. stay with us on bloomberg television and bloomberg radio throughout the morning. a crisis in greece. futures 1down 16. ♪ tom: good morning everyone. let's get to our headlines. vonnie: lawmakers in south carolina will debate the confederate flag today. the flag flies on the grounds of the state capital. there's a push to take it down after the killings last month at a predominately black church. one plan would move the flag to a museum. mcdonald's is going digital in china. the chain will test mobile ordering and payments. yum! bra

what makes it interesting is that it's the first time that we see this with the syriza government in power. >> wait, can -- >> and people are disappointed but you know -- >> can the syriza government survive because even though parliament voted overwhelmingly for austerity others voted against it including the former finance minister. >> that's exactly right. his position within the party is certainly threatened and i think whether he can survive is yet to be determined. i think what we're going to see more and more regarding whether tsipras is in power or not is decisions made by consensus including other parties in opposition. what i wanted to say that while the greeks rejected the measures the vast majority of them want to stay in the eurozone. they do know they have to go along in order to stay in the eurozone so i believe they will make it happen. >> what about the imf threatening to withdraw its support of the bailout if there is no accident restructuring? if there is any hope of greece surviving in the eurozone, is there any hope, i should say unless some of its debt is forgiv

half of the no votes came from within the governing syriza party.have this report from athens. >> reporter: at the end of a long day greek prime minister alexis tsipras pleaded with parliament to mass austerity measures he didn't believe in. >> translation: i will admit that the measures we are tabling are harsh and i don't agree with them. i don't believe they will help the greek economy. i say so openly i say that i must implement them that is our difference. >> and parliament obliged. 229 voted it through. an overwhelming majority of m.p.s. the memorandum, as controversial as it was, was expected to pass. alexis tsipras can't breathe easily yet. he must go from worrying about whether greece will go bankrupt to worrying about the fractures this his own party. dozens of alexis tsipras m.p.s voted against it underscoring how difficult economically and politically the road ahead will be. [ chants ] >> reporter: earlier in the evening as demonstrations in athens began, a sense of exhaustion was apparent, with thinner crowds and quieter chants than exp

olivia: he will face the greatest opposition from his own party, syriza.inet shuffle now seems in never double. that is -- that could happen as soon as today. longer-term, a lot of people are talking about alexis tsipras having to call snap elections and perform -- and form a unity government. he has 72 hours to get this new package of austerity measures passed, which is harsher than what they rejected in the referendum. brendan: olivia sterns in athens, thank you very much. we will come back to olivia all day long. some -- coming up, several big banks including jpmorgan reporting this week. this is "bloomberg surveillance" on bloomberg television. good morning. ♪ tom: good monday morning, everyone. "bloomberg surveillance." vonnie quinn and brendan greeley. let's get to the single best chart. is it on greece? brendan: it is not on greece. several bank banks -- several big banks are on deck to report. here is what we are looking at with the single best chart. this is the percentage of assets within the financial sector of universal banks. we are talking ba

so, of course, lots of people voted for alexis tsipras and syriza. of course they would! they were hoping that, after all the years of extreme budget cuts, everything would change. reporter: six months after the elections, alexis tsipras won the referendum with much of the same promises and tactics. dimou: tsipras came and said, "i will liberate you from the austerity measures." it's clear -- everybody would rather live high and not cut costs. but who's going to pay for it?" reporter it's greece's younger : generation who have the most to lose. pavlos paliakis can only hope that, even in the thick of the crisis, people will still be hungry for his souvlaki. damien: events in greece are also being watched anxiously in portugal, which like greece also had to be bailed out by international lenders four years ago. since then portugal's economy has started growing again but with high debts and rising unemployment portugal is still one of the most vulnerable economies in europe. reporter: life in lisbon moves at a slower pace and the atmosphere is a lot more tranquil than in so