In recent months Greece has been the metaphorical gangrenous limb dangling wildly out control while the leaders of the G8 and other eurozone members, met to best discuss how to remove it.
Following a G8 summit in Chicago our Prime Minister, David Cameron, said that the Greek elections amounted to a referendum on their membership of the EU.
If the Greek people decided to choose an anti-austerity government, then it could have faced a eurozone exit and the world another potential financial crisis.
But by a wafer thin margin the broadly pro-bailout New Democracy has triumphed.
It previously seemed unlikely as Greece looked certain to leave the eurozone, markets have reacted positively to the news that Greece has now taken a step away from the precipice and taken one on the elongated road to recovery.
It’s up in the air as to whether Greece can survive and continue to remain a member of the eurozone or whether 6 months down the line there is another election, another extensive bailout, or they end up leaving altogether.
But what can be said is that they have taken a vital first step in the right direction, it’s just a case of whether they can take the next one.
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