***Key developments***
- The Greek parliament voted 229-64 to approve the creditors’ reforms, but about 40 Syriza MPs voted No, ending the working majority of the two-party governing coalition.
- Certain European parliaments must now approve the package, including Germany, with a vote expected Friday in the Bundestag.
- The European Central Bank meets Thursday and could decide to increase emergency liquidity assistance to Greek banks.
- Discussions continue over the European Commission’s proposal to use €7 billion from the EFSM to allow Greece to make payments before a full bailout is agreed.