Eurogroup is about to discuss bridging loan and the European Central Bank considers emergency bank funding after the parliament in Athens passed economic measures demanded by lenders.
Despite a sizable number of votes against the deal the bailout program was approved thanks to the votes of the pro-European opposition.
A positive vote was as a prerequisite for unlocking emergency financing from European partners as early as Thursday.
As Reuters reports the European Central Bank's governing council, meeting in Frankfurt, was expected to ease its funding squeeze on shuttered Greek banks. While these emergency funds would help Greek banks gradually re-open some form of capital controls will remain in place for the rest of the year.
European finance ministers were to hold a conference call on Thursday morning to agree on a plan for 7 billion euros in bridging funds to enable Greece to meet its immediate debt service needs and avoid defaulting on the ECB next Monday.
But the plan will still require the approval of the EU council of all 28 member states, which takes about a day.
If all goes as expected, the ECB could begin to deploy more Emergency Liquidity Assistance (ELA) by the weekend.