In the wee hours of Monday morning, after a marathon 17-hour session, Greece finally agreed to a deal with the euro zone that would give it enough cash to start reopening its shuttered banks, pull it out of arrears, and stave off its exit from the euro. In some ways this deal (or any deal) might be seen as a victory, pulling Greece back from the brink of the possibly disastrous expulsion from the euro—but the accepted proposal also marks some pretty significant defeats at the end of a months-long struggle, with Greece conceding to many of the conditions it fought so hard against.

Read Here – The Atlantic