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		</div><p>Greece’s government has conceded that dissent within the ruling party was likely to force an early election, while bank shares plummeted again on the stock market.</p>
<p>The left-wing government is relying on opposition party support for approval in parliament of new austerity measures demanded by bailout lenders, following a revolt by nearly one fourth of its own lawmakers.</p>
<p>Government spokeswoman Olga Gerovasili said the government would not form a national unity government and described early elections as “likely”.</p>
<p>“A solution will be found, since the country needs a strong government,” Ms Gerovasili said. “(Early) elections are likely but that doesn’t mean we will be dealing today with when they will take place.”</p>
<p>Amid the uncertainty, the main stock index lost another 1.2% on Tuesday, the second day the market has been open following a five-week shutdown.</p>
<p>Most shares traded higher but banks tumbled, once again hitting the 30% lower trading limit. The overall index on Monday plummeted 16.2%, its worst drop in decades.</p>
<p>Greece’s economy is reeling from the impact of limits on money withdrawals and transfers that the government imposed on June 29 to avoid a collapse of the banking sector.</p>
<p>Uncertainty over Greece’s negotiations for a new bailout and over the stability of the government have heightened concerns.</p>
<p>European markets were unaffected by the Greek market nosedive, however, which Italian finance minister Pier Carlo Padoan described as “normal market behaviour in exceptional circumstances”.</p>
<p>“Frankly I am not concerned. Looking at the figures, I thought this was more or less what one should expect after weeks of stocks being closed in a country which is indeed in deep recession,” he told reporters in Rome.</p>
<p>The political outlook appears tenuous, with Panagiotis Lafazanis, a prominent dissenter and lawmaker of the ruling Syriza party, urging colleagues to join him in voting against the government when the bailout deal is brought to parliament.</p>
<p>“I personally will not vote for a new bailout that will continue to destroy the country and hurt its people,” Mr Lafazanis said. “Syriza lawmakers must fight to the last minute to stop the government signing a third bailout.”</p>
<p>Finance minister Euclid Tsakalotos was holding new meetings on Tuesday with bailout negotiators from the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF).</p>
<p>Ms Gerovasili said the government remained committed to concluding the talks by August 18 and that work on drawing up the text of a draft agreement would start this week.</p>
<p>Greece faces a loan repayment on August 20 worth more than 3 billion euro (£2.1 billion) to the ECB.</p>
<p>To avoid defaulting on it, Greece would need money from the bailout programme it is negotiating or, short of that, an interim loan from its creditors.</p>
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