Greece faces snap elections next month that risk severing the international lifeline that has supported the country since it sparked Europe's sovereign debt crisis in 2010.

Prime Minister Antonis Samaras said in a live broadcast in Athens today that he will recommend parliamentary elections are held on Jan. 25, almost 18 months before his coalition's term was due to end. Samaras spoke after he failed in his third attempt to persuade lawmakers to back his candidate for head of state, forcing the legislature's dissolution.

“The government did everything possible to get a new president elected and a minority of MPs now drags the country to early elections,” Samaras said in remarks broadcast on state-run Nerit TV. “I will do everything to guarantee that the country stays on the path of reforms.”

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