Eurozone ministers on Thursday agreed to give Greece a 7 billion euro (over 7 billion dollars) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved, BBC reported.
The loan is expected to be confirmed on Friday by all European Union (EU) member states.
In a separate development, the European Central Bank (ECB) agreed to raise emergency funding to Greece for the first time since it was frozen in June.
The decisions were made after Greek parliamentarians passed tough reforms as part of a eurozone bailout deal.
It means Greek banks, which have been closed for nearly three weeks, could reopen in a few days.
According to Greek media, banks are preparing to reopen on Monday, although credit controls will remain in place.
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
