Greek President OKs Tsipras’ Request for Early Election on July 7 (Vid)

Greek prime Minister Alexis Tsipras, left, meets with Greek President Karolos Papoulias in Athens, on Monday 10, 2019. Tsipras visited Greece's president to formally call for the dissolution of parliament and early elections on July 7, following his party's heavy defeat in European elections last month . (AP Photo/Petros Giannakouris)

ATHENS (AP) — Greece is on track to hold a national election July 7, three months before schedule, after the country’s president accepted a request by left-wing Prime Minister Alexis Tsipras to dissolve parliament.

Tsipras and President Procopis Pavlopoulos spoke briefly on Monday evening. The prime minister said he wanted the early election to avoid months of campaigning that might have endangered the bailed-out country’s economy.

Επίσκεψη στον Πρόεδρο της Δημοκρατίας, κ. Προκόπη Παυλόπουλο.

Επίσκεψη στον Πρόεδρο της Δημοκρατίας, κ. Προκόπη Παυλόπουλο, για την προκήρυξη εθνικών εκλογών.

Posted by Alexis Tsipras on Monday, June 10, 2019

Tsipras’ move was precipitated by his governing party’s heavy defeat in May 26 European parliamentary elections; Syriza came in more than 9 percentage points behind the main opposition, conservative New Democracy party.

Polls suggest New Democracy also is set to win the early national election.

Markets welcomed the prospect of the vote. Greek stocks rose to a 13-month high on Monday, posting gains of 3.3%.

Greek prime Minister Alexis Tsipras, right, meets with Greek President Karolos Papoulias in Athens, on Monday 10, 2019. (AP Photo/Petros Giannakouris)
Greek prime Minister Alexis Tsipras, left, meets with Greek President Karolos Papoulias in Athens, on Monday 10, 2019. (AP Photo/Petros Giannakouris)