looks like Tsipras has folded

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Game theory

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I've said it before: Greece needs a badass Dom Mintoff figure to run around allying and double-crossing everyone in sight for the benefit of his country. If you're going to play nationalism, you might as well do it right.

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Anyone want to get what will happen in the next set of polls? ANTARSYA up ahead?

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One of my sources of confusion is why they're selling off the grid. I mean we can argue all day about whether public or private companies run electricity better, but surely a privatisation cash bonanza won't change the structural deficit at all

In all fairness, although I think people should be allowed a day off; I'm not sure why we have to force them to choose the Sunday.

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I think the disturbing thing for Eurozone countries is that, relatively speaking, Syriza is a moderate party. Greece has (and always has) an unusually strong far-left and far-right blocs both in and (more importantly, but less obvious for foreigners) out of parliament forces that oppose liberal democratic capitalism itself. Perhaps the EU bigwigs are under the impression that the humiliation of Tsipras et al. will lead the Greeks to swing back to the ND-centrist-PASOK block, especially with shiny young leaders for all three wings. This is playing with fire, to be honest; if a more disturbing and violent party arises Merkel, Rutte, Stubb and the like may regret their populist kneejerk anti-Syrizism.

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Even in that respect, the loss of such a key geostrategic country to nationalistic demagoguery would be quite a blow to what little remains of idealism in the European project, no? I also imagine the knock-on effects upon the Baltics would be pretty serious and ominous; Greece would be like a larger, more powerful and even more sullen Serbia.

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Ultimately, Germany owes a lot to the Eurozone. It allows them to have a weak currency and boosts their exports. You'd think they'd be interested in making sure it sticks together...