German lawmakers approved a hard-won bailout extension for Greece Friday in a move Germany`s finance chief called "not easy" but necessary, lifting the last hurdle to keeping a crucial lifeline open to Athens.
Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was "a valid starting point" for talks over its bailout, a source close to the European Commission said on Tuesday.
Greek Finance Minister Yanis Varoufakis was Monday set for talks with his British counterpart as he seeks to build support for a renegotiation of his country`s 240-billion-euro ($270-billion) bailout in the face of German opposition.
Greece`s new radical left-led government prepared to meet Wednesday for the first time to hammer out a strategy for renegotiating the country`s giant bailout, after storming to power on a promise to reject years of harsh austerity policies.
The finance ministers of the 17-nation eurozone agreed early Monday on a 10 billion euros (about $13 billion) bailout deal for Cyprus to prevent the country`s banking system from collapsing and bankruptcy.