The Greek parliament has approved the first civil service layoffs in more than a century. The debt-troubled country has to slim down its bloated public sector to receive another tranche of its international bailout.
Greece has stepped up its diplomatic efforts to secure more money from its international creditors and prevent a 'Grexit.' But will it be enough to seal a deal before next week, when Athens is hit with another huge bill?
The government will present international lenders with its most detailed reform proposal to date. It's meant to signal that Greece means business, putting the debt-ridden nation on track to seal a long-term loan deal.
Greece is expected to be able to scrape together enough cash to last until June. But details of the reforms Athens is to make in exchange for its rescue loans are not expected this week.
The European Union has never been as close as it is today to seeing Greece leave the eurozone club of 19 nations using the common currency. DW's Max Hofmann explains five compelling reasons why there won't be a 'Grexit.'