The Greek parliament approved a deeply unpopular austerity bill to secure a second $130bn (£110bn) bailout, amid a day of street battles between police and protesters which left Athens in flames. This is how politicians and analysts responded:
Greek prime minister Lucas Papademos:
Vandalism and destruction have no place in a democracy and will not be tolerated. I call on the public to show calm. At these crucial times, we do not have the luxury of this type of protest. I think everyone is aware of how serious the situation is.
Wolfgang Schäuble, German finance minister:
The promises from Greece aren't enough for us any more. Greece needs to do its own homework to become competitive, whether that happens in conjunction with a new rescue programme or by another route that we actually don't want to take.
Olli Rehn, EU Commissioner:
My view is that a disorderly default over Greece would be much worse outcome with devastating consequences for Greek society.
Greece systematically lived beyond its means for a decade. The current programme will be very demanding.
Paul Robson, currency strategist at RBS (LSE: RBS.L - news) :
We will see a fair degree of two-way price movement in the euro until Wednesday when the finance ministers' meet and we have to see whether what Greece has agreed to is sufficient enough for its creditors.
Peter O'Flanagan, head of foreign exchange trading at Clear Currency:
The current newsflow and price action we've seen mirrors similar price action from October 27th. Then, following news of the first Greek bailout EUR/USD rallied significantly to new highs before rapidly reversing its gains and starting the trend down to January's lows.
The eurozone has a lot bigger problems than just Greece, that just happens to be the immediate concern.
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