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Despite the steps, a debt sustainability analysis says Athens may still be unable to implement the needed reforms.
Finance minister now faces the task of steering the party away from disaster in upcoming parliamentary poll.
Country's finance minister to run unopposed in poll for leadership of party, in lead-up to parliamentary elections.
Finance ministers meeting in Brussels approve $170bn rescue package needed to avoid default by debt-ridden nation.
Legislators must now debate further austerity cuts required to get an additional $172bn in loans to avoid bankruptcy.
Setback comes as country's parliament debates emergency legislation to implement a eurozone rescue package.
But why will this bailout work when an earlier one failed and has Greece now surrendered control of its own economy?
Ministers in Brussels approve $170bn rescue package needed to avoid bankruptcy.
Meeting in Brussels likely to approve $170bn second bailout package amid continuing street protests over austerity cuts.
European finance ministers are due to decide on next bailout tranche, amid more protests over budget cuts in Athens.
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