Telegraph: Reports " EU talks tough to Greece after debt talks collapse..Greek government brands proposed eurozone debt deal as "unacceptable", ending crunch talks with its creditors in dramatic events in Brussels "
Lets Get Real:
Either Greece or Germany has to blink, at this moment they are like two drunk drivers heading towards each other with the drunken view that the other will break and divert his car. If Germany blinks it will see the printing of money by Greece and others, and the German tax payer will be expected to pay it, that could lead to the raise of the extreme right in Germany. On the other hand, if Greece does not divert it could find itself out of the Euro or even the EU. There are billions at stake here, the Germans are worried that France, Italy, Ireland will see Germany blink and ask for better terms of their deals. Crunch time for the EU and Germany.
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