Here is a link to an Economist article which discusses recent developments in the European Debt Crisis. Specifically, the article focuses on the ongoing issues in Greece regarding austerity measures. It notes that while changes have been relatively successful in countries such as Spain, Italy, and Ireland, further crisis in Greece could lead to broader failure of countries in the Euro. Additionally, the article looks at the impact of populist politics which have and are actively threatening to undermine progress.
http://www.economist.com/node/21547790