Athens gets an extension of four months on the terms of the EU bailout, ending for the short-term the danger that it will default and be forced out of the Eurozone.
With the bailout package that has kept Greece's economy afloat set to expire in just over a week, the country has formally asked Eurozone members for a six-month extension.
The new leftist Greek government says it wants to revolutionize a country that long has resisted change. So far, that hasn't included finally placing women at the highest levels of government.
Greece has threatened to quit the euro if an agreement over its debt isn't reached. There were hints that a deal with the new Greek government could be worked out. But turmoil looms if the talks fail.
Greece's new prime minister gave his first speech to Parliament Sunday. His nation was eager to hear his plans to revive the country's ravaged economy while also ending unpopular austerity measures.
The German chancellor says she wants to keep Athens in the eurozone, but that EU lenders have already made substantial concessions on the terms of the bailout.
Alexis Tsipras, who led Syriza to a momentous win in the parliamentary election, was sworn in today amid fears about what his win means for the country's bailout agreements with the European Union.
The leftist Syriza party, which has vowed to roll back EU-mandated austerity measures, have edged out the ruling center-right party of Prime Minister Antonis Samaras.
If elected on Sunday, Syriza would be the first anti-austerity party to come to power in the Eurozone. But it would still have to pay off Greece's debt and help the country out of a deep depression.