Greek debt crisis live: Brussels set to release emergency loan to get Greece through July - Greece Prime Minister Alexis Tsipras's grip on power suffered a major blow with 32 of his MPs rebelling as the Greek parliament votes in favor of new austerity measure against a backdrop of violence in Athens.
Former Greek finance minister, Yanis Varoufakis, has posted the Euro-Summit Agreement on Greece complete with his annotations. He describes the document as the "Terms of Greece's Surrender - as it will go down in history."
Germany's vice chancellor, Sigmar Garbriel, has told Handelsblatt, the German paper, that he knew nothing about Schaeuble's plan to give Greece a temporary timeout from the euro.
German Finance Minister, Wolfgang Schaeuble, believed Athens would do better to leave the currency area temporarily to receive a debt writedown.
Klaus Regling, The head of the European Stability Mechanism, told the German broadcaster ARD that "If everything should fail, then the Greek banking system will collapse." "If the four biggest systemically relevant banks in a country no longer work, this has grave consequences not just for Greece... but also for the whole eurozone."
Euro-politicians welcomed the Athens vote, however Slovakia's Finance Minister, took to Twitter this morning, said that was the easy part.
Last night, violence broke out during an anti-austerity protest outside the parliament building in Athens when anarchists started throwing petrol bombs.
After a tense discussion that lasted into the small hours of Thursday morning, the 300-member parliament voted by a majority of 229 to 64 on a raft of pension reforms and tax hikes. However, 32 members of the ruling Syriza party voted "No."
Tsipras said that he would likely step down from office if he did not obtain the support of more than 121 of his Syriza MPs. Last night's vote has left him with the support of 124.