If you want to catch up on what is happening in Greece, what led to the financial debacle, and what some possible implications are, this is a pretty good piece. It is long, but then the situation is not all that straight-forward either.
One fascinating point that I often try to make about bailouts is that it is usually the lenders, not the borrowers, who are bailed out from bail-outs.
This last part is the original sin of Europe's bailouts. See, back in 2010, policymakers were petrified that the euro zone was like a line of dominoes just waiting to get knocked over by the weakest link. If Greece defaulted on its debt, the French and German banks that had lent it money might go bust, and the banks that had lent them money might, too, and, well, you get the idea.