Germany’s vote followed approval of the deal in fellow Eurozone countries Austria, Estonia and Spain on Tuesday and other nations such as Finland and France earlier.

“If Greece honors its commitments and fully implements the program in a decisive way, then the Greek economy can grow again in the coming years“, he said.

The initial 13-billion-euro tranche will be paid in cash, while the 10 billion euros for the recapitalisation of banks will be sent to a segregated account in the form of ESM notes.

“I was struggling with the decision no less than anyone else”, said Schaeuble, who had previously openly doubted the effectiveness of the new aid and suggested an option of temporary exit of Greece from the eurozone. Money from privatization efforts could also reduce the amount of loans needed.

The global Monetary Fund however has argued repeatedly that without debt relief, Greece has no hope of ever getting back on its feet and the European Central Bank has backed that stance.

“So we see the privatisation of Greek public property to the benefit of German public hand at a fantastic knock-down price”, he said. “It’s not going to be easy”.

The vote’s result also dispelled speculation that Chancellor Angela Merkel would have difficulty getting her conservative bloc to sign on. In 2018 at the latest (if the funds even last that long, that is) we will be back to where we are now, and have the same discussions about Greece’s future – and about a fourth and final bailout package.

A significant minority of Merkel’s conservatives voting against the package would send the government a warning that this is its last chance to keep debt-ridden Greece in the 19-country euro zone. In total 46 MPs did not attend the session.

Instead, with the third bailout package, Greece is just getting more of the same medicine that has not produced the desired effects over the past five years.

The Eurogroup approved a third, 86 billion euro ($95 billion) bailout package for Greece on August 14.

The Greek government said Wednesday that it had approved the contract based on previous agreements, and that any effort to seek a renegotiation “wouldn’t be limited to the issues raised by the company”.

Schaeuble last month floated the prospect of Greece taking a “timeout” from the euro as an alternative to a fresh bailout, horrifying some eurozone partners but convincing voters at home of his vigilance on conditions of aid to Athens. Greece has spent much of the past six years in recession. “The opportunity is there”.

“The problem isn’t a lack of European solidarity but a lack of Greek efficiency”, said Wolfgang Bosbach, a member of Merkel’s conservative Christian Democrats (CDU).

As Greece expected to get the new loans, Tsipras wrote Wednesday to European Parliament President Martin Schulz to request that the parliament joins the team of international institutions that monitor the country’s reforms.