Here is an animated video on the Greek debt crisis, It's totally over.

They are going to bring down the Greek debt to GDP ratio down to 120.5%
That's the money the Greeks owe the banks compared to all the money the entire country make in a year.
So they are going to reduce their debt to a level greater then their entire economy.
It will take 8 years to do this and it will solve all their problems.
But it will only work if they change the Greek constitution to make paying debt a higher priority then providing basic public services....

So basically after a year and a half Europe has agreed that it will soon come to an agreement that might not work at all and the best case scenario is that it will take 8 years to reduce Greek debt to a level that is still too high.

http://www.guardian.co.uk/world/vide...nimation-video