While there is so much being talked about Greece's debt being written off, there are reports indicating that German lawmakers are thinking to release the Greece aid soon. It has been further explained that both Chancellor Angela Merkel's center-right coalition and the opposition Social Democrats (SPD) have given a nod to the same already and it's most likely to be worked on soon.

The noteworthy point here is that though opposition has supported the chancellor this time, there are chances that they might try to get benefit out of this favour from her just before elections in September 2013.

However, SPD parliamentary leader Frank-Walter Steinmeier made it clear that his party would not do anything "that could lead to Greece becoming unable to make its payments in the short term or could force it to leave the euro zone". But, German Finance Minister Wolfgang Schaeuble's recent hint of letting the debt go has irked the opposition as they feel that letting go debt is being taken as a taboo by him.

While opposition is trying all in their capacity to reduce Greek debt by 40 billion euros by 2020, it would be worth seeing how this would be done amid financial constraints building up.