The eurozone has bought a short-term reprieve, but at what a cost. A massive loan to Greece (somewhat akin to supplying spirits to an alcoholic), external control of Greek financial affairs and a population which, although a majority wish to stay in the eurozone, is unlikely to find the medicine palatable. The general election in April will be interesting. The Left is making significant progress, but is divided.
The BBC report stated the real reasons for the Greek bailout, to buy time for European banks to strengthen their balance sheets and for adequate defences to be put in place to protect Italy, Portugal and Spain. http://www.bbc.co.uk/news/world-europe-17110886
Portugal is giving cause for concern.
Merkel and Sarkozy both have internal political problems, the outcomes of which may have much more significance for the future of the eurozone and the EU project.
The Greek gamble: new risks for the EU.
'Greece averted nightmare scenario'. Really.
Portugal neeeds more money to stay afloat.
Greek political establishment in freefall.
Merkel government teetering.