Owing to the recent agreement of a second €130 billion bailout, the risk of a Greek default has been averted, but is the relief for the Eurozone only temporary?

The Greek government have undertaken to reduce their national debt from 160% of its GDP, to 120.5% by 2020. The Greek economy has been falling rapidly, and continues to do so, for the last 5 years. This pressure could result in a worsening of the current situation, meaning that cuts may need to be made to this target...