The Showdown in Europe is now into final exam crunch time. 

 Greece's Yanis Varoufakis heads for showdown talks with his fellow eurozone finance ministers on Wednesday afternoon, buoyed by a strong endorsement from parliament for the government's hardline stance to renegotiate its bailout.

Alexis Tsipras, Greece's prime minister, told MPs after they passed a vote of confidence in his legislative programme in the early hours of Wednesday that the government would not yield to demands from other European capitals over its aid programme "no matter how much" Wolfgang Schäuble, the German finance minister, demanded it.

"We are not negotiating the bailout; it was cancelled by its own failure," he told parliament before winning the vote with the support of 162 votes in the 300-seat chamber.

"I want to assure you that there is no going back. Greece cannot return to the era of bailouts."