A lot can happen in a week’s time and that was exactly what happened in the markets. Greece, which appeared to be a lost cause managed to save its skin for the time being and cobble together a deal which gave it breathing time.

German Chancellor Angela Merkel (C) and delegates leave after a special session at the Bundestag (lower house of parliament) in Berlin. Merkel made an impassioned plea to German lawmakers to back the new Greece deal. Pic/AFP