In recent days, there’s been a lot of sympathy for Greece but the creditors are now playing ‘hard-ball’.
It’s probably ‘take it or leave it time’ for Greece but either way there must be questions about the future of the government in Greece. The current government will probably struggle to get approval of the Greek Parliament for the terms. The alternative of non-payment of creditors and pensions will probably bring down the government, forcing a new election or referendum.
Either way because of the current government’s negotiating tactics, it’s going to be more hardship for the Greek people.