Greek aid officially approved

Euro zone finance ministers have agreed to lend Greece up to 86 billion euros after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras.
Assuming approval by the German and other parliaments, 13 billion euros should be in Athens next Thursday to pay pressing bills and a further 10 billion will be set aside at the European Stability Mechanism, earmarked to bolster Greek banks' capital.

In all, eurozone  governments will lend 26 billion euros in a first tranche of the bailout before reviewing Greece's compliance with their conditions in October.
Germany's parliament will vote to back the deal on Wednesday. 

marketsforu