“All and all, I think you can say the advantages outweigh the disadvantages. I think there is a possibility to return to the growth path, but it is going to take a long time and it is going to be an arduous road.” The fact that quote came from German Chancellor Angela Merkel on the “winning” side of the Greek debt talks gives you some idea of how brutal the situation is, even as the European Union and Greece finally came to terms. (I don’t want to suggest that the deal was too harsh, but Merkel got Chobani and Greek Salads are now referred to as Schnitzel.)

+ WaPo: What everybody needs to know about the deal to save Greece — and what happens next.

+ Slate: Why Greece got schooled. (I’m guessing it was because they had no money.)

+ Maybe the European Union will have talks with 50 Cent next