With the news that a second bailout deal has been agreed for Greece there was a sigh of relief from many in the eurozone with the euro immediately rising. With the economies of the eurozone so closely intertwined all eyes have been, and remain, on Greece. However, the debt crisis is far from over and we are not out of the woods yet.

So while this is good news for the eurozone, just how is this latest bailout going to turn things around? Yes Greece will now avoid bankruptcy next month, but what the country needs is investment and a long term plan for economic growth. At present the money is being used to pay banks and not to build the economy. It's no wonder the Greek people are protesting when they are seeing huge budget cuts all around them but no prospect of substantial change or growth anytime soon. None of the money coming into the country is coming to them, but is going to the banks who are themselves to blame for much of the crisis in the first place.

Just when you think the end is in sight or at least an action plan to sort out the eurozone financial crisis, something else happens to send the markets, businesses and people in general into a panic... again. Last week there was a sigh of relief of sorts when the debt crisis plan was agreed, only for Greece to turn around and announce they were going to put it to a public vote. So, we have to wait for the referendum, thought to be taking place on 4th December. However, the debate has now moved on again with conflict within the Greek cabinet over whether the referendum should be a question of euro membership or simply about the baill out plan.

Should Greece stay in the Euro? Should it have been allowed in in the first place? What will happen if it leaves? There are no clear answers to these questions, but what is clear is that there's going to be a rocky road ahead - whatever the outcome.

The president of the European Commission, Jose Manuel Barroso, believes that the euro remains strong and that Europe will not go back into recession, something that is good news for UK businesses. However, his comments follow rating agency Standard & Poor's view that the chances of a eurozone double dip recession have grown, despite all the work being done to tackle debt problems in many countries.

Mr Barroso said, "The latest forecast by the European Commission shows there will be growth, modest growth it is true. We are doing all it takes, from tackling the underlying budget problems, to strengthening the governance of the eurozone, from tighter financial regulation to improving our overall preparedness."