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But instead of taking a harder line with the creditors, Tsipras and a majority of the cabinet decided to put forward a proposal capitulating to EU and European Central Bank demands for additional austerity measures in a country whose economy has contracted 25 percent since 2010.

“It is necessary to secure that this “game” won’t happen again during coming discussions about the form of the third aid package for Greece”.

“Negotiations on a memorandum of understanding should now progress as swiftly as possible”.

On Monday, the Greek finance minister confirmed following the government council’s meeting on economic policy that the intense talks on technical issues will begin on Tuesday.

Prime Minister Alexis Tsipras managed to push through a series of unpopular reforms demanded by the country’s worldwide creditors, while on the streets of Athens anti-austerity protests turned raging as protesters threw firebombs at police.

Europe moved to re-open funding to Greece’s stricken economy on Thursday after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a majority.

Greek prime minister Alexis Tsipras got the reforms through with the help of pro-European opposition parties.

Following an emotional debate and early-morning vote, the country’s parliament approved a raft of austerity measures that its worldwide creditors had demanded as a first step before negotiating a final rescue deal.

A final count has revealed the Greek parliament agreed to pass tough austerity reforms in a landslide, in news sure to inflame tensions among protesters.

The Greek parliament approved the measures in a vote, that fractured Mr. Tsipras’s ruling Syriza party, which was elected in January on an anti-austerity platform, only to betray it this week. He suggested, that Greece might be better off, leaving the euro, which would...

The European Central Bank plans to make a decision Thursday on whether to increase the level of so-called emergency liquidity assistance it provides to Greek lenders.

The third bailout for Greece that was agreed upon in the eurozone and euro summit agreements last week in Brussels- and approved by the Greek Parliament, call for €86 billion in new loans for Greece and assumes some of the financing from the worldwide Monetary Fund.

Greece’s banks have been closed since June 29, a day after the ECB froze its Emergency Liquidity Assistance.

Prime Minister Alexis Tsipras suffered his second major mutiny in a week, with 36 Syriza MPs defying him to vote against the bill or abstain.

The number of disaffected Syriza MPs, who see the reforms as a betrayal of the anti-austerity platform that brought their left-wing party to power in January, shrunk slightly compared to last week’s similar vote – from 38 to 36.