the new bailout faces serious howard murdles, must be voted on by the greek parliament and partners who be putting themselves on the hook for more bailout money, does the deal solve anything or does it delay the time when greece becomes solvent. does it create the hope for a stable economy that will pay down the mountain of i.o.u.s. >> joining me now, a senior fellow at the peterson institute, and scott from george mason university. >> let me start with you. is this the medicine that the cross-examine economy and people needed for the near term? >> well in the short run we toj dodged a bullet here. without an agreement, greece would have had to leave the euro creating a crisis in greece. >> the most accuse status of the crisis had been dealt with. underlying problems are there for the next year or two it will be longer. we haven't really solved the underlying problems. >> are we looking at a situation where, as now, greece will owe more money as it continues to make debt statements? >> i think, unfortunately in the short term one of the things that happened is the economy got worse, the