Will the Greek Bailout Work?

Will the Greek bailout come to pass or will it hit the rocks in a month or so's time? According to a Swiss friend and supporter of the euro the Fiscal Treaty has set out the necessary elements to ensure that countries with such disparate economies as Germany and Greece will now be able to live together in perfect harmony and that the Greek bailout terms must mean that Greece will soon be on the road to recovery. My friend believes that the euro concept was brilliantly devised by Kohl although he does accept that it was a little unfortunate that countries like Greece were not ready to join when they did and that it would have been better if they had re-balanced their economies to be German like beforehand. He does not agree with me that the Greeks would be better off defaulting and devaluing as he's convinced, and quoted an article in a German paper he read yesterday that coincides with his view, that if Greece were to leave the euro it would lead to the departure of other countries and thus to armageddon and that the example of Iceland is a false analogy; false because Iceland is a small country and wasn't in the euro. There is a view put forward on Jeff Randall Live yesterday evening that the so called bail out is only a short term stop gap to buy a few months time and intended at the end of such period to force Greece to take the decision to withdraw from the euro. This is a pretty cynical way of dealing with the crisis and begs the question for the umpteenth time as to why in the world we are still in an organisation which can behave this way, which costs us a fortune to be a member, where the advantages of being a member are dubious to say the least, where Germany and France are allowed to protect their major industries, where they want to make ours less competitive, where there is no growth, precious little tolerance of democracy and a moribund social structure that encourages the second rate where all must be seen as equal rather than being given an equal opportunity.