Greece is becoming near-Italian in the frequency of its elections. Why is this one being called and why is it so important? We explain below.
The Bundestag vote cleared one of the final obstacles to Greece getting funding so that it can make a 3.2 billion-euro debt repayment to the European Central Bank on Thursday.
The Bundestag lower house of parliament, whose backing is essential for the release of bailout funds, approved the plan by 454 votes to 113, with 18 abstentions.
Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms.
The vote followed a stormy debate in which dozens of lawmakers on the left of the ruling Syriza party rebelled against Prime Minister Alexis Tsipras and opposed the package, which passed with the support of opposition parties.
Even after conquering seemingly insurmountable odds to strike a bargain with European authorities, the debt-plagued nation's biggest challenges await.
As Greek Prime Minister Alexis Tsipras embarks on a last-ditch effort to agree on a reform deal with creditors, a rebellion is mounting at home among his own Syriza party and the opposition.
Tsipras is in Brussels on Thursday to continue emergency talks with Greece's lenders after they rejected new reform proposals from his country earlier this week. Greece desperately needs further financial aid to avoid defaulting on its debt at the end of the month, but its creditors want an agreement on reforms before they release any more funds.
Japan's Nikkei led the way as a gain of 0.4 percent cleared a peak from 2000 to reach ground last trod in 1997.
Greece may be a small country, but its vote this Sunday may be the most important in the world this year.
The Greek parliament approved an extension of pharmacy opening hours and cuts to drugs spending on Thursday as part of a package of healthcare reforms agreed in return for last week's 130 billion euro international bailout deal.
Jose Manuel Barroso, president, EU Commission tells CNBC-TV18's Shereen Bhan that he agrees the austerity measures imposed on the Greek people will be painful to pursue.
Asian shares and the euro gained on Monday after Greece came a step closer to securing a much-needed bailout fund and avoiding a messy default, though most of the recent optimism appeared to have been already priced in.
Asian shares and the euro gained modestly on Monday, relieved by The Greek parliament's passage of austerity measures which put the country a step closer to securing a much-needed bailout fund and avoiding a messy default.
The Greek parliament was set to approve detailed austerity and privatisation bills on Thursday to secure emergency funds and pull the euro zone country back from imminent bankruptcy, but longer-term dangers still lurk.
Gold edged higher on Wednesday after the Greek parliament approved a five-year austerity plan, which supported the euro and boosted other risk-linked assets.
US stocks were higher on Wednesday after Greece's parliament passed an unpopular austerity plan key to avoiding a debt default.
European leaders today heaved a sigh of relief after the Greek government survived a vote of confidence and encouraged it to make all efforts to secure the Parliament's approval for a new package of austerity measures to avert a bankruptcy.