The German parliament is set to take a vote on whether to allow negotiations on Greece's 86 billion euro bailout deal.
Germany is one of the several eurozone states that must provide a nod before negotiations could be underway for a rescue deal, reported the BBC.
The accord is expected to be approved, despite a number of conservative MPs refusing to back any more financial aid to Greece.
Meanwhile, Greek banks, which shut down three weeks ago, are set to reopen on Monday.
The announcement became possible only after the European Central Bank (ECB) raised the level of emergency funding available. However, credit controls limiting ATM withdrawals to 60 euro a day will only be relaxed gradually, officials said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app