The snap election is expected to take place on July 7 while President Pavlopoulos accepts Tsipras' resignation request immediately.

Greek Prime Minister Alexis Tsipras's decision came just weeks after Tsipras's Syriza party suffered devastating defeats in both the European Parliament (EP) elections on May 26 and local elections.

"We are here today at the beginning of the election campaign, having the privilege, for the first time after ten years, to discuss for our own program of the next four years," Tsipras told Pavlopoulos at the presidential palace in Athens.

"I ask you to dissolve the parliament and call for national elections as the Constitution and the relative law says, to renew the popular mandate."

"I believe this could presage risks for the smooth course of the economy, endangering the virtuous circle we have entered and the sacrifices the Greek people have made," he said. (ILKHA)