Eurozone ministers have backed a €7bn (£5bn) bridge loan to help keep the Greek economy afloat until a bailout is approved, but many Greek’s remain unhappy about the terms of the deal.
The loan is from the EU-wide European Financial Stabilisation Mechanism (EFSM) emergency fund, and is expected to be confirmed by all EU members states on Friday.
The offer of the bridge loan was made after Greek MPs passed the tough reforms that were a prerequisite for the bailout by a vote of 229 to 64 on Wednesday.
The bailout has been agreed to in principle by eurozone leaders, but a number of nations require any release of bailout funds to by ratified by their national parliaments. Finland’s parliament approved the €86bn eurozone bailout on Thursday and Germany is expected to vote on the issue on Friday.
Meanwhile, the European Central Bank (ECB) has also agreed to provide Greece with emergency funding for the first time since June.
Greek banks have been closed since 29 June, with residents limited to withdrawing €60 a day.
Protesters reacted angrily to the Greek parliament’s support of the bailout of long-term austerity measures on the streets of Athens. The majority of demonstrations were peaceful, but one group set alight a television news truck and threw petrol bombs at the police, who responded with water cannons and stun grenades.