Wolfgang Munchau argues that the main problem is the very nature of the economic reforms and not whether Mr.Tsipras will accept to enforce them.
The Greek has shrunk further since July and Greece will not be able to achieve the goals of the bailout program because these goals are simply impossible to reach.
If Greece's GNP shrinks a further 1%-2% this year, the same will happen with the revenues from taxation. According to the program, the Greek government has not only agreed to impose more austerity measures, it has also promised to make more spending cuts in order to achieve the set goals. Such cuts will also negatively affect the economic growth of the country.
Given that the Greek economy has shrunk by 30% and the situation has worsened during the past months it seems impossible that the program will be followed.
The writer goes on to explain that the situation is such that intention of the Greek government to impose those measures is not the main reason why it considers a Grexit to be possible. The alternative would be for the creditors of Greece to lend even more money to the country; an scenario that seems even less possible.
Either the Greeks will have to accept this vicious economic circle, or the creditors will have to give more money. In any case if a Grexit is to be avoided one of these premises must be fulfilled.