The leftist party has supported bailouts from international lenders while seeking to renegotiate the terms.
Instead, Cyprus' international lenders agreed to extend until 2018 its deadline for meeting key budget targets.
Greece's international lenders have suggested measures including increasing the maximum working week to six days.
Instead, much of the money being discussed by the big international lenders will go directly to individual countries.
ECONOMIST: Calls for more money as the threat looms ever larger | The
She said debt-laden Greece must stick to its agreements reached with international lenders.
BBC: German court to rule in September on eurozone bailout fund
But he acknowledged that government budget cuts forced on the country by international lenders have caused suffering among Greeks.
CNN: Greek party official: Coalition talks to be held Tuesday
The strikes come days before international lenders are due in the capital to discuss the next instalment of a bailout.
One aim has been to persuade the IMF and other international lenders to treat Colombia's economy as a war victim.
Auditors from the "troika" of international lenders are expected in Nicosia on Monday to begin an assessment of Cyprus's bailout needs.
In Latvia, though, it is international lenders who warn Latvia against too much austerity, and against hastily removing emergency social safety-nets.
After the cabinet meeting, the government said the court ruling had created "serious difficulties" for meeting budget targets agreed with international lenders.
About 45 delegations are expected at the Brussels meeting including international lenders such as the World Bank and the African Development Bank.
Greece's international lenders have left talks in Athens without a deal that would secure the next tranche of bailout loans for the country.
That will mean yet more spending cuts and tax rises to meet the deficit target of 6% of GDP set by international lenders.
Greek voters punished the major parties at the polls earlier this month for the harsh budget cuts imposed by the country's international lenders.
The Greek government is racing against time to fulfil the demands of international lenders and qualify for a new lifeline to avoid default.
On January 29th, that swift action helped South Korea reach a new agreement with international lenders on the repayment of its short-term debt.
International lenders are gambling that the risk of a bigger banking crisis elsewhere in the eurozone has receded, the BBC's business editor Robert Peston writes.
BBC: Cyprus president defends bailout deal amid public anger
Greece has failed to meet targets set by its international lenders.
The country has already been forced to wind down one of its largest banks in order to qualify for a 10bn euro lifeline from international lenders.
Under the German proposal, a budget commissioner would have veto powers over Greek budgetary measures if they were not in line with targets set by international lenders.
Mrs Merkel said she would wait "another couple of weeks" for another report from the troika - Greece's international lenders - before deciding how to proceed with Greece.
BBC: German court to rule in September on eurozone bailout fund
If international lenders want to help countries improve their standards of living, they should tie debt forgiveness to the implementation of the five basic principles of economic progress.
The bailout by international lenders averted a meltdown of the financial sector that threatened the country's euro membership but forced large losses on big deposits in the island.
Yet the government, which from the start declared itself ready to "go beyond" measures agreed with international lenders, has never lobbied openly for an easing of its bailout targets.
There are concerns that if the UK loses its top rating, international lenders would view the country's economy as more risky and charge the government more to borrow money.
That should help keep Russia from bankruptcy in the coming months: as finance minister, Mr Zadornov had the job of sweet-talking international lenders, with some success, into bailing Russia out again.
NICOSIA, Cyprus (AP) Cypriot authorities were putting the final touches to a plan they hope will convince international lenders to provide the money the country needs to avoid bankruptcy within days.
Talks between Athens and its international lenders broke down after a request by Antonis Samaras, the Greek prime minister, for changes to austerity measures were rejected by the EU and International Monetary Fund.
Investors flocked to gold in a safe-haven bid overnight on news that Cyprus and its international lenders agreed on a proposal to impose a levy on bank depositors to help pay for the government bailout.
FORBES: Technical Trading: Gold Jumps On Cyprus Bailout Jitters
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