Greece Postpones a Crisis

The decision by eurozone finance ministers to approve Greece's proposals for economic reform has made an extension of Athens' bailout program possible. Though this agreement temporarily reduces the risk of a so-called Grexit, the Greek crisis is far from over. Greece will face key hurdles over the next four months, and the agreement between Athens and its lenders is so fragile that it could collapse at any point. The threat of a Greek default has not disappeared, meaning that after June, Athens will have to answer serious questions again.