Greece has just announced cuts to its deficit greater than that...

Greece has just announced cuts to its deficit greater than that demanded by the EU.
Pressure is now on the the more wealthy states to commit finances to aid the greek economy.
Moves are not popular with the greek people and some demonstrations have occurred.
Bank of England has not raised interest rates and there is no expectation of a rate rise until at least the end of the year. That may be good for AEZ as bank of Scotland is their major lender. Bank of England now owns Bank of Scotland.
No clear direction as to the outcome for Spain and Portugal.
Scource:- ABC Lateline Buisness(comments regarding AEZ are mine and I know nothing .. Do your own research)