By Jonathan Davies

The German parliament has voted in favour of extending Greece's bailout loan.

The proposal needs to be accepted by eurozone members, and the result of the German vote is a huge positive for Greek hopes.

Greece has proposed a four-month extension to its bailout loan, without the anti-austerity measures imposed by the bailout programme. Germany has long been seen as the country's biggest barrier to securing further funding. Without the extension, Greece would likely run out of month in a matters of months.

Some MPs expressed their own personal concerns, and said there is public concern over the situation in Greece.

542 voted in favour of the proposals, with 32 voting against and 13 abstentions.

German Finance Minister Wolfgang Schaeuble, who is in favour, told Parliament: "We Germans should do everything possible to keep Europe together as much as we can.

"We're not talking about new billions for Greece... rather it's about providing or granting extra time to successfully end this programme."