Certainly, there is a clear attraction for many Greeks of abandoning the euro, when faced with many more years of eurozone austerity and a new debt burden of €86bn (£62bn).

But it all depends on whether or not Greece is allowed to restructure its debts.

The International Monetary Fund revealed it had warned eurozone leaders that Greece's debt would peak at 200% of GDP, far higher than previous estimates. Its "dramatic deterioration in debt sustainability" required debt relief "on a scale that would need to go well beyond what has been under consideration to date".

The only reference to potential debt relief in the eurozone deal is of "possible longer grace and payment periods". And Germany's Angela Merkel said there was a plan to consider restructuring later in the year, after the "first review" of the bailout.

The European Commission said "a very substantial debt re-profiling" was possible if Greece kept to agreed reforms. However a debt write-off was not on the cards.

Greece's former Finance Minister Yanis Varoufakis certainly believes it will not happen.

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