Greece is still in need of a bailout, according to the British Chancellor of the Exchequer, George Osborne. It's been about a year since Greece agreed to the 110 billion-euro bailout package funded by the European Union/International Monetary Fund to finance its massive debt, none of which was contributed to by England.
According to the article, Chancellor George Osborne finds it inevitable that Greece will default on its loans that it owes to the rest of the Union. Greece will need to discover how it will be able to borrow money from the market as the European Union is "skeptical" about whether or not Greece will be able to repay its loans.
This news has come about the flurrying rumors that the Greek Government is looking to exit the euro (which has since been denied by Athenian officials).
You can read the article here.
