Greece seeks new bailout, pledges reforms
Christian Odendahl, chief economist for the London-based Centre for European Reform, believes there is still a chance for a deal that will also pass muster in Germany, Greece’s biggest creditor.
German Chancellor Angela Merkel said Greece cannot just offer a short-term fix. Odendahl said, “I think the probability for an agreement is still relatively high, because no side really wants Greece to leave the eurozone, to default and so forth.
"Angela Merkel is in a very difficult situation. But she still has enough political capital to get a deal that she deems appropriate and feasible through the German parliament. I have no doubt about that," he added.