Showdown: Crucial 48 hours for Greece

On the eve of a key meeting in Brussels to discuss the rescue program for Greece, friends and enemies of the country put their views known about the economic future of the country - which could be a critical situation.

Greek Finance Minister Yannis Varoufakis is expected to propose new reforms - to compensate for those from which the new Greek government wants to give - and to ask for the "bridge program" to cover the funding needs of the government, while the new pact become reality.

Wednesday's meeting, which should start at 16:30 GMT, will also consider calls Varoufakis "for reducing the primary surplus target of Greece - from 3 percent of gross domestic product (GDP) to 1.49 percent - and plan for humanitarian aid to help the Greeks.

Pierre Moscovici, Commissioner of the European Union economy, said that "special session" of the eurozone finance ministers was "very important."

"This will be the occasion for the Greek finance minister to come and tell us what exactly are his ideas.

Moscovici, a former French finance minister added that Greece must honor its commitments to the current bailout program, which should be completed at the end of this month.

On Tuesday, Greek Prime Minister Alexis Tsipras wins confidence vote in parliament, which shows that the government's strategy to transform its unpopular rescue program has the support of the majority of politicians in the country.

German resistance

Greece could face stiff resistance from the German finance minister Wolfgang Scheuble on Wednesday, however, as the Germans have repeatedly stated that Greece must stick to his plan of salvation and the conditions associated with it.

European markets rose Tuesday on the basis of rumors that there is a compromise between Greece and its creditors.

However, Scheuble poured cold water on the rumors, saying there were no plans to give Greece more time or a new program.