The deadline for Greece's bailout is tomorrow. But if bondholders still hold out, more delays are on the horizon and the possibility of a Greek default remains.

After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion plus bailout for Greece. That'll save the country from a messy default, but stability can be hard to get too excited about, for Greeks and banks that owned Greek bonds -- especially with the harsh terms of the agreement.

Hans Humes is one of the private creditors who is now taking a 74 percent haircut on the Greek debt he owns. He explains what that means, and why he invested.

The second bailout deal for Greece seems imminent, but it still won't bring a total end to the debt crisis.