[FlyingFish]

If having the deal in place without using it didn’t work, will actually using it really help? Or, have the markets dismissed it as a weak hand?

[JasonC]

Yes actually using it will help. Emphatically. If Greece can borrow at 5% or so, then the bond players holding out for 7.5 or 8 are whistling dixie - nobody needs their money.

The markets haven't moved because it went about five rounds of only sorta and Germany saying no before half saying yes, and they will believe it when they see it.