On Monday, Greece got a lifeline from the euro zone and International Monetary Fund (IMF). However, Greece was told to oblige with its promises on cutting public sector jobs and selling its state assets to get all the cash.

The cash lifeline was valued at Eur6.8 billion which spared Greece from incurring debt default by August. The deal will see Athens dip fed support but would be under close watch from the euro zone and the IMF. This would ensure that unpopular reforms would be implemented as promised.

Since May 2010, Greece was kept afloat through emergency funding. However, the state failed to make all the difficult reforms. This was demanded of Greece after a decade that it has been living beyond its means.

Reforming Greece remained a central concern for the euro zone's ability to set aside the crisis behind it. Meanwhile, Athens needs to cooperate to be able to keep the IMF from withdrawing from the deal.