Greek pain is set to continue despite a Herculean effort
Greece's predicament is the real tragedy of the single currency. When the Greek people elected Syriza to power at the start of the year, they did so for a couple of reasons.
They wanted to try something new - a different approach. And they were angry and fatigued with austerity and wanted to win back some pride by putting it up to their creditors.
Tragically, the last six months have yielded very little that is new for Greece. The government has invested so much time and political energy into resolving the debt issue, that limited economic gains in previous years have not been further developed.