Greece battles its way out of the crisis

The European Commission has voted in favour of giving Greece a second instalment of financial aid. Greece has made it through the worst of the crisis, the business paper Il Sole 24 Ore writes, but foresees further challenges for Athens: "Greece is now a little more lonely. It has secured itself another instalment, but at this most difficult time in its restart effort it is no longer the centre of attention. ... In the name of more competitiveness it must now put pressure on those in power who have so far been protected by politics. De te fabula narratur [the same goes for you], the Greeks could say. Because not only Germany should be urged to follow the same recipe. ... Economic ties always have two sides. Greece's dependency on German savings ... corresponds to Germany's dependence on the consumption of deficit countries which are indeed living above their means."

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