As the eurozone continues to cope with a sluggish recovery and double-digit unemployment, it has an immediate incentive to cut a deal.

Typically, job gains slow after a long period of economic expansion such as the current one, during which a double-digit unemployment rate has been more than cut in half.

Exports aided self-sufficiency and domestic investment, although double-digit unemployment and inflation remain problematic.

It also means halving the double-digit unemployment rate and raising the national per capita income from the subsistence level of $700 to a more decent $2,000 or more.