Greek Crisis Still Simmering

The Greek crisis is still far from being solved with Athens struggling to implement the reforms it promised in order to receive the latest round of bailouts from the European Union. So far, Greece has only followed through on 14 out of the 48 reforms needed to receive the €86 billion (us$95 billion) promised in the third bailout agreement made in August. Süddeutsche Zeitung reported on Tuesday that European creditors are planning to delay the October payment of $3.3 billion, with the planned $27.6 billion bailout payment to recapitalize Greece’s banks also in jeopardy.