This is not an agreement. Agreement means the possibility of at least a compromise. In this case, there was no compromise; there was capitulation and resignation to unrelenting neoliberal policies under aggressive duress.

The terms were set and the outcome predestined because the lenders are single minded and relentless in their objectives. It’s called Thatcherism – perhaps not fully understood in Greece even after five years of barbaric back breaking austerity.

The banks are shut, the British press is scaring people into cancelling holidays to Greece. Confidence is -12 on a scale of 1-10 . The country is back in deep recession and the EU want, no, demand ever deeper austerity measures.

The Troika have been in charge for five years and crippled the economy. Suicide rates are up 50% .

Greece really cannot take more pain. 

If Greece accepts, let's drink ouzo, Greek wine and make the next vacation in Greece.

Can anyone tell me what was the point of the referendum?

The people of Greece voted no to the economic reforms posed to the Greek Government only to concede to stricter reforms.

The referendum was a waste of money that the country could ill afford and in light of the reforms agreed, it does not say much about the Greek people and  their leader. As best it shows that the their leader is unrealistic and at worst incompetent. Either way it does not bode well for the people Greece.

In retrospect, the UK can be very glad it is NOT part of the eurozone. Greece should never have been allowed to enter 10 years ago. Now we in Germany and elsewhere in Europe are paying the price for their inability to run their economy. The result will be inflation in the eurozone, something that was always anathema to the German government in the past. 

Both the EU and Greece are between a rock and a very hard place! The EU cannot let Greece leave the Union without significant problems being raised for the Union.

But Greece cannot pay the level of debt it currently has and survive as a country!

This drama is not over, my bet is that Greece will exit the EU within 6 months.

There has been a persistent refusal by all parties involved to acknowledge what is really happening. Europe largely wants Greece to quit the Euro but doesn't want to take the blame for it. Greece needs to leave the Euro but is largely too proud to admit it. It's choice is in any case between extreme poverty in the Eurozone (austerity) and extreme poverty in the Drachmazone using an almost worthless currency.

Tension at ATMs with people waiting for 50 euros is not so high as some days before. The banks are open for those that want their pension but do not have electronic cards.    

Instead of fighting and criticizing Mr.Tsipras now that he has come back after doing the best he could, considering what he was up against, let's show him our support and pull together as a country to pull off the impossible. Change takes time and starts with ourselves first. So Greece let's all put our best foot forward and keep the faith.

Whatever it takes...This is a chance for a new start possibly the last chance. The third programme is less demanding for fiscal measures but focus on reforms. Reforms that we ought to have performed 30 years now. During the last weeks hopefully all Greeks learnt a lesson and in the upcoming weeks history will tell if we will are willing to start changing the game. 

Here we are again. Greece will never repay its debts and will be back in the same boat within three years. Should never have joined the euro band, exited three years ago. At least another three years if severe austerity which is strangling the Greek people. Should take the hit now and have control of their own future however bleak the immediate future may seem. You can't keep borrowing from Peter to pay Paul and then borrow from Paul to pay Peter back. I am in Greece at the moment and the people here in Crete are so lovely and welcoming. I really feel for them. 

Greece is barking up the wrong Euro and EU tree. The only way to get this economy marching again is to remove the shackles of the Euro and ECB Monetary Policy. This crisis is only just beginning if the Greek parliament votes for a European bailout. Are we sowing the seeds of a European Spring with the magnitude and speed of European imposed reforms?