Greece Comes to an Economic and Political Juncture

The Greek government is fighting at home and abroad to remain in power until the end of its term in mid-2016. At home, the coalition led by Prime Minister Antonis Samaras is struggling to get the extra votes it needs in parliament to secure the appointment of the next Greek president and avoid early elections. Abroad, it is negotiating with the European Union and the International Monetary Fund on a credit line to replace its bailout program.

Greece and its creditors will reach an agreement on a new package of financial aid, but Athens' political and financial problems will not be over any time soon. The next three weeks will be crucial for the survival of the Greek government and, once again, political developments in Greece will have repercussions across the eurozone.