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A significant minority of Merkel’s conservatives may vote against the €86bn bailout, sending the government a warning that the latest package is its last chance to keep debt-ridden Greece in the 19-country euro zone.

The article referred to the deal as being the “first fire sale under a SYRIZA government” and a “large present to [Angela] Merkel and [Wolfgang] Schaeuble, clearly in return for their services in the formation of the new, deplorable memorandum”.

A Greek minister gave on Monday the strongest indication yet that the government will call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country’s new bailout deal.

Finance ministers of the 19-nation euro single currency group have approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy.

Mr Schaeuble says he backs the new bailout deal – although he had earlier put forward a plan for Greece to take a “time out” from the euro, in order to stabilise its precarious finances.

“We welcome the successful vote in the Greek Parliament this morning”, said German Foreign Ministry spokesman Sebastian Fischer, whose country has been the single largest contributor to Greece’s previous two bailouts and is the country’s harshest critic.

Senior Merkel allies Ralph Brinkhaus and Eckhardt Rehberg tried to put a positive spin on the Greek deal, noting that Schaeuble had won concessions on privatisations and that the first tranche of aid, at 26 billion euros, would be smaller than initially planned, keeping Athens on...

European stocks were still poised for their worst week in four, though, after China’s surprise currency devaluation on Tuesday.

Greek Prime Minister Alexis Tsipras’s Syriza party looked set to split after the leader of its far-left faction called for a new movement to fight a bailout deal that lawmakers will vote on later on Thursday.

Berlin is the main creditor of Greece and its approval is needed in order for the new bailout package to be given to Athens so that it can repay Euro 3.4 billion (USD 3.7 billion) to the European Central Bank by an August 20 deadline. The Greek parliament will vote on over 50...

Is the worldwide Monetary Fund on board? The first tranche of bailout funds will flow to Greece once its fellow eurozone nations agree. At this stage it is unclear. We still need to talk with each other on a few issues. Greece will only avoid the threat of “Grexit” if...

A man buys cherries in Monastiraki in downtown Athens on July 14, 2015.

Prime Minister Alexis Tsipras has said he expects the bill to pass.

Greece has more or less concluded its bailout discussions with global creditors, officials have said, raising hopes the country could be ready to finalise a deal within the day.

“In short, we maintain the view that a third bailout for Greece will not solve its deep-seated economic and fiscal problems or secure its future inside the currency union”, Loynes said.