Financial meltdown of Greece

"...For its part, Greece has already admitted it can't pay debts coming due shortly and reached for a bailout. But the reluctance of the largest country using the euro — Germany — to fund the largest share of the euro45 billion rescue by European government and the International Monetary Fund is sending shudders through markets.
Investors fear the money may not reach Greece to enable it to avoid default by May 19, when euro8.5 billion in bond payments come due..."
Full text
Comment: In an awkward interplay of factors, the reluctance of Greece to provide a reliable plan caused some euro countries, Germany in particular, to hesitate to subscribe to the bailout plan. While it has been clear that there will be a bailout, the question has remained at which conditions the bailout will be granted. That is the essence of the "Greek drama", better called "farce".