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" "It is a very tough agreement, with many thorns, and as for the question of who will implement it, that depends on who the Greek people trust to negotiate debt restructuring.
Euclid Tsakalotos (born 1960) is a Greek economist and politician who is currently the Minister of Finance in the Greek government. He is a Syriza member of parliament and a professor of economics at the University of Athens.
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It takes Greece forward in the sense that the financial system should be much more stable from now onwards. There is a promise of recapitalization of the banks, without any of the depositors having to bail in or anything to worry about. The process of reversing the negative effects of capital controls will start very quickly and will speedily return the banks to where they were before, hopefully on a far firmer footing. Any deal is only as good as what you make of it. Let's hope the Greek people will be able to make the best of this deal.