The World from Berlin 'EU Has Not Yet Faced the Whole Sad Truth About Greece'

Will the new Greek bailout be enough to save the country from default? The ratings agency Fitch doesn't think so: It downgraded Athens on Wednesday, saying a bankruptcy was "highly likely." German commentators also feel Greece isn't out of the woods yet.
Employees at the state-run Workers' Housing Organization protest in central Athens on Wednesday. The agency is due to be shut as part of the new austerity measures.

Employees at the state-run Workers' Housing Organization protest in central Athens on Wednesday. The agency is due to be shut as part of the new austerity measures.

Foto: Dimitri Messinis/ AP
-- David Gordon Smith