I made a decision that will burden me for the rest of my life. I don't know if we did the right thing, however I do know that we felt like we had no … - Euclid Tsakalotos

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.

It's a difficult deal, a deal for which only time will show if it is economically viable.

The overall framework of the euro zone is in crisis — not from Syriza or the left, but because of the policies of austerity. Unless Europe moves in a more just and socially democratic direction, then it’s in danger.