DHAKA: The German parliament is to vote on whether to allow negotiations on Greece's €86bn (£60bn) bailout deal.

Germany is one of several eurozone states that must give the green light before the rescue deal can go ahead, reports BBC.

The agreement is expected to be approved, although a number of conservative MPs are refusing to back any more financial help for Greece.

The vote comes hours after the news that Greek banks, shut nearly three weeks ago, will reopen on Monday.

The announcement became possible after the European Central Bank (ECB) raised the level of emergency funding available.

However, credit controls limiting cash withdrawals to €60 a day will only be eased gradually, officials say.

Earlier, eurozone ministers also agreed a €7bn bridging loan from an EU-wide fund to keep finances afloat.

The moves came after Greek Prime Minister Alexis Tsipras won a parliamentary vote on the bailout proposals in the early hours of Thursday.

BDST: 1132 HRS, JULY 17, 2015
RS