The German budget committee is expected to sanction the release of the 8.5bn euro tranche to Greece later Wednesday.

ESM Mission Chief for Greece Nicola Giammarioli urged Greece to implement the agreed measures emanating from the deal with the EU during the Economist’s 21st Roundtable in Athens Tuesday.

I have great respect for the reforms that the Greeks have been asked to carry out over the last years and I am aware that not only political decisions were taken but they were also approved by the Parliament, the President of the Federal Republic of Germany Frank Walter Steinmeier said in statements to the press on the sidelines of the Greek President Prokopios Pavlopoulos' visit to Berlin.

The government will accept everything without any conditions, not even the participation in the ECB's quantitative easing programme, main opposition New Democracy (ND) shadow Interior Minister Makis Voridis said on Sunday in an interview with the Athens Macedonian News Agency.