Greece has two weeks to produce red meat.

In this article, "Greece has two weeks to produce red meat", Hugo Dixon analyzes the current financial situation Greece is in and discusses what changes need to be made in order to avoid defaulting in the near future. (Link Here to the Article)

Dixon describes Greece's current standing with this statement,
"Greece has scraped together enough cash to meet the IMF payment, in part by extracting liquidity from quasi-state entities. However, the radical-left government has pretty much exhausted its techniques for squeezing blood out of a stone. Meanwhile, it has largely wasted two and a half months in office by lecturing creditors, sending out mixed messages about its willingness to default and coming up with amateurish proposals.
Now the government needs to get serious – unless Alexis Tsipras, the prime minister, is really willing to default, impose vicious capital controls and exit the euro."

The article then goes on to discuss the euro zone, and that the euro zone has little trust in Greece's government to do the right thing with any financial backing the euro zone may provide. Euro zone creditors want explanations and for Greece's government to take some meaningful actions before they lend Greece any more money. 

Alexis Tsipras, the Prime Minister of Greece, has to implement some unpopular measures and take the political losses to prove that he means business to the rest of the euro zone. Dixon believes that there are three main areas of reform that Greece needs to focus on: pensions, tax, and banking. These three areas are very troublesome for the Greek economy, and changes need to be made, otherwise Greece will default and be forced to leave the euro zone.

Many of the issues Dixon mentions have to do with politics getting in the way of these three areas acting as they should. Dixon says,
"Third, banking. Athens rightly says the sector has been marred by clientelism and too close a link with the political system. The snag is that this government has seemingly continued to meddle itself."
Greece is currently being scrutinized for its efforts because nobody is sure what the government and banks are doing to try and change the current situation. 

Many of the issues Greece is facing were talked about by Ben Bernanke in "The Federal Reserve and the Financial Crisis." The banks within Greece are not able to act freely, rather they are controlled by politicians who do not want to upset their supporters. Without the ability to act independently of the government, I do not see how these banks can make any changes to the current financial crisis in Greece. The euro zone seems like it would be willing to help if Greece had a plan, but Greece does not have a plan or the trust of the euro zone right now. It seems as though the government needs separate itself from the banks of Greece and establish a precedent that they are serious about reform, otherwise Greece will default.