Second Greek Bailout Deal Totals 130 Billion Euros

Jonathan Tepper, partner & chief editor at Variant Perception, told CNBC, "I think that if you look at the best case scenario for Greece, put forward by the ECB and the IMF, you are looking at essentially 120 percent debt to GDP ratio, so clearly getting the private sector involved leaves Greece with an enormous debt burden that it can't possibly service properly."