Greece desperately needs a quick fix. Time is running so short that a deal is needed in the next few days to stop Athens going bust. That will be, at best, a short-term patch-up while a long-term programme is worked out.
Hugo Dixon is a columnist and entrepreneur. His most recent book is "The In/Out Question: Why Britain Should Stay in the EU and Fight to Make it Better." He founded Breakingviews in 1999, and was editor and chairman until it was acquired by Thomson Reuters in 2009. He continued to edit it until 2012. Before founding Breakingviews, Hugo spent 13 years at the Financial Times, the last five as Head of Lex. He began his journalistic career at the Economist. Follow him on twitter: @hugodixon