Prior actions passed will unlock Greek bailout cash

Significance

This allowed the Eurogroup of euro-area finance ministers to authorise the release of 12 billion euros (12.8 billion dollars) from the latest bailout package of 86 billion -- 2 billion euros to supplement budget needs and 10 billion for bank recapitalisation.

Impacts

• There could be more parliamentary cliff-hangers over approving implementing legislation in such areas as pension reform.
• The opposition may support the government on some issues, but this could undermine Tsipras's authority.
• Another election is possible, but might not change the political balance.