Recent political developments mean that Greece is no longer on the brink of economic collapse: but the European Commission, the ECB and the IMF will be keeping a close watch for some time to come

The recent crisis of the Greek economy, and the threat of its withdrawal from the Eurozone, was only averted by the rejection of a referendum on the EU bail-out and the resignation of the country’s prime minister. Kevin Featherstone argues that, while the situation has now stabilised, instability and uncertainty still remain. European and global economic institutions will be keeping a close eye on the Greece’s political developments.