Greek end game?

Last Thursday the Greek parliament approved the EU bailout programme and the conditions attached to it. As a result, the ECB increased emergency lending to Greek banks and EU finance ministers approved a new €7bn bridging loan to Greece, allowing the country to have enough funds to make its scheduled payment to the ECB on 20 July and clear its outstanding loan to the IMF which it missed at the end of June. One potential stumbling block is the approval required of the German parliament in opening negotiations for the implementation of a third bailout package but informal polling suggests the majority of German MPs are in favour.