and scott sumner from george mason university. thank you for joining us on "inside story".t is next for the 11 million people of frooes. you have seen pictures of bank lines, shuttered shops. how much pain will they be asked to endure for not much gain. bailing out greece it's tonight's "inside story". >>> there's an old adage, if someone owes you $100 and they can't pay, they have a problem. if someone owes you a million dollars and can't pay, you have a problem. use bigger figure for greece. representatives of agencies and governments working out a greek pay out represent elective governments and the officials represent depositors, banks shareholders populations that suffered pain to pay their debts and are in no mood to take it easy on grease. -- greece. niklas is from the n.y.u. business group and advises the greek national bank. welcome to the programme. what do you think of the deal hammered out over the weekend. is this what greece needs? >> it wasn't the best possible deal, but the present government wasted nine months and negotiated a deal of 17 hours. you don't ex