Problem is, the conditions will continue to even further strangulate Greek economy, so that an eventual back payment of Greece's debts will become even less probable.
But the conditions, and that's the one major reason Germany kept insisting on them, will ensure that western European capital will be able to totally and completely plunder what's left of Greek property, while at the same time Germany's hegemony within Europe will be further strengthened.
The 'agreement' that was reached today is a declaration of war to the Greek people, and it is the defeat and the end of the once so promising project called Syriza.
"Wir schaffen es, ohne Waffen-SS" – a satirical comment dating back to the sixties, meaning 'we'll manage it [to subdue the world] without the military', was never more applicable to Germany than today.
I wouldn't expect the Greek people to go along without struggle now, though. Somehow I think today's 'agreement' might not have been the last word.
(Disclaimer: I'm German, but not a tiny bit proud of it.)