Euro is still not out of danger

GREECE’s decision to finally ask for a bailout loan from the eurozone and IMF has not ended fears that the country will default or that the euro currency is out of danger.

Despite the EU and the IMF saying it will respond rapidly with the promised €40 to €45bn loan, it could take weeks for the complexities to be ironed out and countries, including Ireland, to put through legislation.

Experts have warned that the uncertainty exposes other countries, and Portugal in particular, to similar attacks from investors.