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.

"Tsakalotos says bailout deal will take country forward" (15 August 2015)