[edit: i changed my mind] I am not really optimistic, eventhough the EU will be overseeing the reforms, greece does not have a good record of conformance. In fa

[edit: i changed my mind] I am not really optimistic, eventhough the EU will be overseeing the reforms, greece does not have a good record of conformance. In fact it has a very bad record of conformance, and, to be frank, the greek society does not want to change its attitudes. I expect similar renegotiations every 3 or so years. The "hard default" does not really depend on greece, it's a decision of whether the rest of europe allows it. Without EU protection, greece is already bankrupt.