At the meeting, Eurozone finance ministers will again debate whether to provide financial support to the beleaguered country. Late Sunday evening, Greek Prime Minister Alexis Tsipras' coalition passed pension and tax reforms, which cover the majority of a €5.4 billion ($6.15B) package of austerity measures requested by creditors. However, the parlous state of the Greek economy has forced him to accept the necessity of the measures, which remain unpopular with voters. The vote session was an effort to convince Eurozone finance ministers that Greece is serious about financial reform -- a necessary condition for a further rescue package -- and, crucially -- Greek debt relief from the Eurozone. A slim majority of lawmakers, 153 of 296, voted in favor of the bill.

Source: CNN May 09, 2016 01:37 UTC