The real question, thinks George Pagoulatos of Athens University, is not whether a deal can be reached, but when and of what quality. The longer the brinkmanship drags on, the greater the damage to Greece’s fledgling recovery, which is already stuttering. If the agreement is a fudge that gives Athens enough money to pay its dues but not much else, then the crisis will inevitably re-erupt. But if it includes enough relief to make Greek debt sustainable and let the ECB buy Greek bonds as part of its quantitative easing programme then it might prove to be a turning point, he told TWW.
http://www.theworldweekly.com/reader/view/magazine/2017-02-16/playing-with-greek-fire/9702