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There remains the question of why lenders adopt decisions that are jeopardizing the realization of the plan. "These decisions are purely political. They have no economical grounds. The issues for the sustainability of the foreign debt are a matter of negotiation," said the financial analyst.

"It is stated nowhere that the debt to the amount of 120% of GDP is sustainable and that 130% is not sustainable. The reason for the problem, on the one hand, was Germany's reluctance to additionally fund Greece although its debt was unsustainable. On the other hand, the rules of the International Monetary Fund stipulate that the Fund cannot continue to fund the rescue programmes of countries with unserviceable debts. So, a political agreement has been reached."

According to the financial expert, the reduction of interest rates on loans and the delay of maturities are a step in the right direction. The real success of the deal made at the last Eurogroup meeting can be assessed only after the lenders officially announce the macroeconomic conditions, which are the basis of the calculations for the debt adjustment.