(13 Jul 2015, 11:50 am)Adam wrote It does, yes.

It was too hastily arranged. The actual question on the paper was too "waffley", so it was pretty difficult for people to understand, but there was still an overwhelming 'no', contradictory to what all the pollsters were saying about it being 50:50.

It's now at the stage when Greece are having to do things they said they weren't, as you say: reforming pensions, privatising what's left of state assets, increasing tax etc etc. However, all of this still needs to be passed through the Greek parliament. Whether it will or not is a different matter, and is bound to have a serious debate and possibly a backlash against it.

The EU seem pretty happy with the deal, with Juncker saying "In this compromise, there are no winners and no losers". However, in my view, it's almost as if the Greeks have surrendered. They fought a hard war, but the pressure and arguably "bullying tactics" of the Eurozne won, leading the white flag to be waved.