Lawmakers have voted for a rescue of the struggling euro zone member. The vote puts Cyprus on track to receive an emergency loan from Europe.
Germany’s vice chancellor is "cautiously optimistic" that Greece will be able to extend its credit program. Ahead of a Tuesday afternoon teleconference, eurozone officials expressed similarly cautious optimism.
Despite the eurozone's accepting a four-month extension to Greece's bailout program, the plan still must be passed by key European parliaments. Greece's toughest critic, Germany, could prove the hardest challenge.
Athens is heading towards a key round of talks to resolve its bailout settlement with European Union leaders. But the Mediterranean country needs to convince Germany, which insists on cost-cutting measures.
Few would have predicted a political future for Angela Merkel who, many think, has little charisma and few skills to make it in the media age. On Sunday, she is running for a third term as German chancellor.
© 2015 Deutsche Welle | Legal notice | Contact