Peripheral economies have been little affected by
contagion from the Greece crisis. A third bailout
program was agreed to with European partners in
August 2015, amounting to €86 billion ($95
billion), in exchange for pension, tax, and other
reforms. The weakening of the Greek economy
following the implementation of capital controls
in June 2015 will make program implementation
challenging, but the disbursement of bailout funds
and the agreed bank recapitalization plan have
reduced immediate funding pressures.