Image courtesy of Creative Commons. Photo by Chrisser.

Euro zone governments and Greece have forged ahead with the 130-billion-euro ($170 billion) bailout plan despite lingering doubts and protests in the streets of Greece, and despite their commitment to the course of action, not everyone is convinced.

According to Reuters:

Diplomats and economists say they do not expect the package to resolve Greece's economic problems. That could take a decade or more, a bleak prospect that brought thousands of Greeks onto the streets to protest against austerity measures Sunday.

The Greek people may be reluctant to accept austerity measures that show no sign of improving their country’s condition in the short-term.

However, it is possible that an immediate default could be even worse than a long, slow recovery.

Boston.com reported:

An uncontrolled bankruptcy would likely force Greece to leave the 17-country currency union and return to its old currency, the drachma, further shaking its already beaten economy and creating uncertainty across Europe.

In addition to uncertainty regarding Greece’s ability to recover economically, even with the financial support of the euro zone, there is fear that Greece won’t hold up their end of the bargain in the future.

According to CNBC:

Skeptics question whether a new Greek government will stick to the deeply unpopular program after elections due in April, and believe Athens could again fall behind in implementation within months, prompting exasperated lenders to pull the plug once the euro zone has stronger financial firewalls in place.

However, despite all the uncertainty that shrouds Greece’s future, and despite some remaining gaps in the bailout plan, approval seems to be all but a foregone conclusion.

Reuters reported:

A euro zone official in contact with those involved in the Sunday conference call said the financing gaps were not so large that they risked derailing the whole process.

"I don't see anybody wanting to be responsible for pulling the plug on the deal at this late stage," he said.