Germany's lower house of parliamant approved a second euro-area Greek rescue package of as much as 130 billion euros ($174 billion), as 496 voted in favor of the measure, 90 voted against, while five refrained in Berlin today, after the market closed.

As Greece's debt crisis stomps on its third year, European leaders' attempts to prevent a near doom of the Greek economy may be worthwhile. Now, German chancellor Angela Merkel and others must weigh whether to revamo the firepower of the region's bailout fund ahead of a summit meeting in Brussels on March 1-2.