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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 recapitalisation 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.

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    Quiz

    Are you a quotes master?

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    Name the film "I've seen seambeams glittering in the darkness near Tannhauser Gate"
    A All Quiet on the Western Front
    B The Abyss
    C Bladerunner
    D The Big Blue