The bailout is conditional on Greece passing agreed reforms by Wednesday.
These include measures to streamline pensions, raise tax revenue and liberalise the labour market.
An EU statement spoke of up to €86bn (£61bn) of financing for Greece over three years.
Though it included an offer to reschedule Greek debt repayments "if necessary", there was no provision for the reduction in Greek debt - or so-called "haircut" - that the Greek government had sought.Well, we shall see if the Greek parliament passes these measures. Any bold predictions? I suspect that they won't pass it, but we shall see.