Not Out of The Woods Yet Despite Progress, Euro Crisis Is Far From Over

The Greek debt cut worked and the rescue package has gone through. So is the euro crisis over? By no means. The situation in Greece will take a turn for the worse again in a few weeks. The other euro nations will have to use the time until then to get their own houses in order -- especially Germany.
Luxembourg Prime Minister Jean-Claude Juncker (right) with Spain's Economy Minister Luis de Guindos at the finance ministers' meeting on Monday: Despite recent progress, the euro crisis isn't over yet.

Luxembourg Prime Minister Jean-Claude Juncker (right) with Spain's Economy Minister Luis de Guindos at the finance ministers' meeting on Monday: Despite recent progress, the euro crisis isn't over yet.

Foto: AP