Alexis Tsipras Steps Down as Leader of Syriza Party Following Crushing Election Loss in Greece

Alexis Tsipras, Greece's left-wing opposition leader, announced he is resigning after Syriza lost almost half its support in the recent election.
Tsipras served as Greece's prime minister from 2015 to 2019 during a tumultuous time for the country.
In the election, Tsipras' Syriza party received just under 18% of the vote while Prime Minister Kyriakos Mitsotakis' New Democracy party won over 40%.
Tsipras said it was time for Syriza to start a "new cycle" and that he would stay on as leader until a successor is elected.
The news of Tsipras' resignation was reported by Reuters and other media outlets on Thursday.