This article from the WSJ describes the Greek situation as still very tenuous:
http://online.wsj.com/article/SB10001424052970204846304578093072277336556.html
with increasing debt weighing down any possible recovery, and unemployment reaching new highs above 25%
Meanwhile in Britain, things are not looking good for David Cameron as his deputy Prime Minister and coalition partner Nick Clegg criticizes his policy on Europe and the EU budget:
http://online.wsj.com/article/SB10001424052970204712904578092794267606864.html?mod=googlenews_wsj
Wrangling over the EU budget continues:
http://blogs.wsj.com/brussels/2012/10/30/eu-budget-contortions-get-serious/?mod=WSJBlog&mod=brussels
and Angela Merkel weighs in:
http://uk.reuters.com/article/2012/11/01/uk-europe-budget-merkel-idUKBRE8A017Q20121101
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