Given the choice of being moneyless or giving up sovereignty to confirm its membership in the Eurozone and the EU, Greece has signed off on a deal which will give them operating money in exchange for firm and immediate dates for putting in place VAT taxes and new pension rules, among other economic reforms.

The banks care still closed, credit cards can be used in Greece in only.  Re-capitalization of Greece to begin soon and in Greece.

Has fiscal sovereignty been given up?  Is the deal undemocratic?  To be seen.  But if you are a member of a group, you obey its rules.  This is the rocky road to globalization.