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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.

Greece and its worldwide lenders reached a multibillion-euro bailout agreement yesterday, potentially saving the country from financial ruin.

In currency markets, the euro was steady against the U.S. dollar at $1.1023.

“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.

The central bank said the devaluation was due to its official guidance rate, which was down nearly 2 per cent to 6.2298 yuan per dollar – its lowest point in almost three year.

Syriza lawmaker and dissenter Costas Lapavitsas reiterated his opposition and said he would not vote in favour of the new deal in Parliament.

European stocks were generally weaker Tuesday, with German shares getting hammered by news that China has devalued its currency.

A Greek government official said the hope is that a deal that “covers everything” will be concluded as soon as possible and indicated that one could be imminent by the time of a meeting of the eurozone’s 19 finance ministers on Friday.

Greece’s prime minister said his country was in the “final stage” of talks for a new bailout, as his left-wing government on Wednesday rejected the idea of extending the negotiations beyond this month.

Shares on the Athens Stock Exchange are suffering huge losses of over 22 percent after the market reopened for the first time in more than a month.

The Athens stock exchange closed down 2.44pc at 643.86 yesterday, after falling by as much as 4.4pc, while an index of the country’s top four banks fell 25pc to 246.50. To avoid defaulting on it, Greece would need money from the bailout program it is negotiating or, short...

The European Union agreed that this position was “fully compatible” with its own agenda on a Greek bailout, which could be worth up to €86 billion (RM361.97 billion).

Don Gimbel, global portfolio manager of Geneva Advisors in Chicago – who oversees $9 billion – asks, “Why would anybody want to be invested in a controlled market?”

Play video “Greece Crisis: Brain Drain To UK”.