A month after he resigned as the prime minister, Alexis Tsipras won the snap elections in Greece.
The junior coalition partner of Greek Prime Minister Alexis Tsipras pledged on Tuesday to continue support for the government.
With 75 per cent of votes counted, the ND party was leading with 39.6 per cent of total votes heading towards a majority in the 300-member Greek Parliament, while Tsipras' leftist Syriza was behind with 31.6 per cent of total votes, CNN reported.
It's hoped the negotiations can be wrapped up by August 20.
Tsipras said the mandate that Greeks had given him was to reach a viable solution rather than clash with Europe
Prime Minister Alexis Tsipras battled to win lawmakers' approval on Wednesday for a bailout deal to keep Greece in the euro and avoid bankruptcy, as the IMF pressured Greece's creditors to provide massive debt relief for its crippled economy.
Obama spoke to Greek PM Alexis Tsipras in the capital, Athens, as part of a final tour that also takes in Germany and Peru.
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
Greeks greeted news of a deal with creditors on Monday with a measure of relief mixed with much anger.
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
Tough conditions imposed by global lenders could cause an outcry.
Euro zone leaders will hold an emergency summit on Monday.
Tsipras asked to keep a discount on value added tax for Greek islands, stretch out defence spending cuts and delay the phasing out of an income supplement to poorer pensioners
Their reopening followed Prime Minister Alexis Tsipras' reluctant acceptance of a tough package of bailout demands from European partners
Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation"
Energy Minister Panagiotis Lafazanis and Deputy Labour Minister Dimitris Stratoulis also voted against the package.
Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout programme, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.
The euro climbed 1.3 percent against the yen to 135.60 and added 0.7 percent against the dollar to trade at $1.1115.
Stock markets crashed over 1,000 points or nearly 4 per cent on Monday, making it the biggest fall since 2008.
Euro zone leaders clinched a deal with Greece on Monday.
Deadline to submit convincing reform plans is this week.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
India's software and engineering exports may take a hit and the country may also face larger capital outflows.
Euro zone policymakers have openly spoken out in favour of a 'yes' vote
The crisis remains acute with the country's banks already closed.
ICICI Bank on Monday said it sees no impact of the Greek debt crisis on the bank as it has no exposure to Europe.
Silver, platinum and palladium all declined.
Greece's financial crisis has intensified.
Formal negotiations are due to start in Athens on Friday.
Raging wildfires have killed 74 people including small children in Greece, devouring homes and forests, in what officials are calling the worst fires the country has seen in a decade. Around 500 firefighters, aircraft and helicopters have been mobilised to tackle the fires, while a state of emergency was declared in western and eastern Attica. Take a look at the devastation the fires have brought on in Greece.
Syriza lawmakers walked the corridors telling reporters the government might not survive the night.
Greek Finance Minister Yanis Varoufakis announced his resignation on Monday, a day after Greeks delivered a resounding 'No' to the conditions of a rescue package.
The legislation passed with 230 votes in the 300-seat chamber.
The vote leaves Greece in uncharted waters: risking a banking collapse that could force it out of the euro.
IMF report says billions more cash and debt relief needed
Athens has pushed two reform packages through parliament
The crushing of this tiny entity by demanding creditors should be a lesson for all countries, warns T N Ninan.
A year ago, Greece's bankers thought they were on the cusp of a new era.
The situation in Greece worsened with banks closed for a 2nd week.
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
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