In a poll made by the Bloomberg between 34 economists, 71% appeared to believe that the danger of a Grexit still exists.
It is however crucial to stress that they considered 2016 the most probable year for this to happen. From those asked, 70% believe that Greece will be “safe” for the rest of 2015 while half of the group consider the additional 85bn euro help package, that Greece aims for, to be insufficient.
The flaws of the deal that was achieved between the leaders of the Eurozone and Greece are such, that they create concerns about the ability of the country to complete the 3 year plan. At the same time, the creditors will not commit to a reprofiling of the debt, something which is considered essential if the country is to stabilize its economy.
According to Peter Dixon of Commerzbank; without some form of debt restructure any help package will never be enough.
Heaping loans on a country which will never be able to pay them back is similar to the definition of insanity by Einstein: “doing the same thing over and over again and expecting different results.”