The trouble is, analysts said, much still needs to be settled while the prospect of widespread popular unrest as the economy slows under the weight of more austerity could complicate matters even more.
GFT analyst David Morrison in London said the immediate market reaction was one of relief, with the euro and stocks rising on hopes the worst is over.
The accord, however, also paves "the way to further civil unrest and further strike action, and the Greek government now has to follow through with its promises", Morrison said in a note.
Greek Prime Minister Lucas Papademos said before the tense vote on Sunday, with thousands of police on guard outside parliament, that "if we collapse, we won't be able to fix anything anymore ... the package is the country's only hope".
The protesters denounced what they described as blackmail by the "troika" of the EU, the IMF and the European Central Bank.
Questions:
1. How many people were hurt in the rioting?
2. What were the riots concerning?
3. What was the immediate market reaction to Greece's vote?
Answers:
1. Around 120.
2. More austerity measures.
3.One of relief.
About the broadcaster:
Emily Cheng is an editor at China Daily. She was born in Sydney, Australia and graduated from the University of Sydney with a degree in Media, English Literature and Politics. She has worked in the media industry since starting university and this is the third time she has settled abroad - she interned with a magazine in Hong Kong 2007 and studied at the University of Leeds in 2009.
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