No, I've written a hub on this issue and this "solution" is no solution at all. In fact the current bailout of Greece is the second and most likely there will be a third and fourth required, simply to keep the country from imploding. The Greeks have failed to implement most of the austerity measures. However, the Greeks are not going to go quietly into that good night, because the austerity measures are being designed and enforced by the Germans. And most of Europe have some long standing historical issues regarding submitting to the rule of Germany.
This most recent bailout is therefore no solution and essentially is a gimick to buy time and promote market stability. But as with all illusions there comes a time when the illusion is exposed for what it is.
You can look at this bailout as a pyramid scheme, and as all similar schemes (social security) eventually they collapse.