Greece: Tension Rises.

The Greek government appears to be standing firm, knowing that it has conceded all it can to EU negotiators; any more would risk riots and overthrow from an angry people to whom it promised an end to their vassal status as a busted nation, gripped in servitude by never ending austerity. There are signs that Germany may be just about to blink. It has got the message that not to do so makes a Greek default certain. The heads of both the ECB and the IMF have rushed to Berlin for talks. At the centre of it all sits the unyielding but pragmatic leader of Europe, Angela Merkel. She believes in the diplomacy of small steps, so the Greeks can expect nothing major in the concession department. But there may be something. Will it be enough?

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