Tense Times for Tsipras: No IMF, No Vote and Broken Promises

Despite a rebellion by a third of MPs in Greek Prime Minister Alexis Tsipras' Syriza government, the tough new austerity conditions set for Greece were passed into law, paving the way for the bailout from Brussels - ultimately, saving the country from bankruptcy.

This means that Greece needs Germany. But Germany, needs the International Monetary Fund (IMF). And the IMF has said it will wait until October to decide whether to contribute funds to the $95 billion (€86bn) bailout for Greece.

Meanwhile, German Chancellor Angela Merkel had promised her government that the IMF would be fully on board for the bailout, which must be secured by Wednesday.

So, there's speculation that if the IMF pull out, so will many members of the Bundestag, who Merkel promised IMF support.

Merkel's bailout battle: German chancellor faces party rebellion over #Greece. https://t.co/IRNwwycoXZ pic.twitter.com/9I0TiVyCRa

— Holger Zschaepitz (@Schuldensuehner) August 17, 2015

Merkel and Finance Minister Wolfgang Schäuble need to secure the backing from the German lower house of parliament to approve Greece's third bailout.

Broken Promises

If that wasn't tense enough, Greek Prime Minister Alexis Tsipras is waiting for approval from five other European parliaments before he gets his hands on the bailout cash — and a revolt by Merkel's government might not be the only hurdle.

What Next for #Greece’s Tsipras: Scenarios http://t.co/xXbU4u2grh by @mbensass | This means ND and… Golden Dawn. pic.twitter.com/4wWAtzsBZz

— Theodora Oikonomides (@IrateGreek) August 18, 2015

#Greece gov't source says September snap elections not a likely scenario any more. Confidence vote looks unlikely as well. Tsipras buys time

— Yannis Koutsomitis (@YanniKouts) August 18, 2015

The Austrian parliament's subcommittee has to approve the aid on Tuesday. Estonia's parliament is also set to vote on the reform package. Spain doesn't have to — but Prime Minister Mariano Rajoy is to call a ballot today. And the Dutch parliament has been recalled to debate the program on Wednesday — the same day the German parliament meets.

Greece is almost there*. http://t.co/fRMbYNq62J (*Just Spain, Germany, Estonia, Austria and the Dutch still to vote) pic.twitter.com/RovEP0OQuC

— Bloomberg Business (@business) August 18, 2015

But by Thursday — Greece must repay the European Central Bank $3.6 billion (€3.2bn) — money it still doesn't have.

Greece €26B New Loan €10B to Bank Recap €3.2B to ECB Aug 20 €1.5B to IMF in Sept €7.2B to EFSM bridge loan Via @ACGAnalytics

— Lawrence McDonald (@Convertbond) August 18, 2015

The countdown to the cash is on — and the deadline is getting closer.