Greek deal is more about trust than money

• Greece remains Europe's one of the most indebted country, with debt 175% of the GDP.

• Despite that number Greek economy is small, 2% of the Euro zone.

• With such size, a Greek exit from the Euro zone will be of less financial implication. Though the political implication could be high.

• If a Grexit scenario ever occurs, if it is well conveyed beforehand that countries are free to leave and join the European Monetary Union (EMU), political cost could be lesser. So far there exists no such exit mechanism or strategy. Lithuania recently in January 2015 joined the EMU, as entry strategy exists.

• Greece has used over the counter contracts with the help of Goldman Sachs to conceal the extent of its debt while joining the EMU in 2001. This was revealed aftermath of the crisis.

• With lies from the beginning, political corruption & so many govt. changes since the crisis has made the European partners to take the new Greek govt. promises to fight the corruption with pinch of salt.

• Greece matters more from an emotional & political point of view. Leaving it alone scribbling for money could make the country vulnerable to the influence of Russia or China. According to European policy makers that could be far worse than lending money to Greece.

Greek dilemma is not expected to end early and it will keep the Euro influenced until the single currency, currently trading at 1.133 against the dollar, begin to look beyond it.