With popularity at rock bottomand the people frustrated, the probability of Alexis Tsipras suffering defeat in the elections is now a distinct possibility.

SYRIZA spokeswoman Olga Gerovasili on Wednesday rejected outright any possibility of a coalition between SYRIZA and New Democracy after the elections on September 20, following a chance encounter between the two party leaders at an airport in Crete earlier in the day.

Finance Minister Nikos Christodoulakis discussed ways to relax restrictions on capital movement and banking transactions in a meeting with the Deputy Governor of the country’s central bank, Theodoros Mitrakos, on Wednesday.