Greece’s future in EU hangs in the balance

Saying anything definitive about the Greek crisis at the moment is extremely hazardous as the situation is changing from hour to hour. 

The Greek government has applied to the European Stability Mechanism (ESM) for a further three-year bailout problem.

That means that the country met the deadline for the submission of further restructuring plans from the government, aimed at assuring the country’s creditors that the government is serious about addressing the deficiencies in its economy and its general governance structure.