Over the course of six painful months, negotiations between Athens and Brussels have produced innumerable "deadlines", "ultimatums", and "last chance" summits, none of which have produced a lasting deal or a Grexit. In fact, until the deposit outflows started to accelerate and Greek PM Alexis Tsipras took the dramatic step of putting creditors' proposal to a popular vote, many observers were beginning to lose interest, perhaps believing that the farce might just continue indefinitely.
This Sunday however, is being billed as the day; the deadline to end all deadlines and the very last chance for Athens to remain in the EMU. Meanwhile, pressure on Tsipras — who, according to The Telegraph, likely thought he would be drinking beer with Varoufakis over quiet lunches by now — is building from both sides, with far-left Energy Minister Panagiotis Lafazanis swearing that the "referendum 'no' vote is not going to become a humiliating 'yes'", and Germany showing few signs of weakness. The intractable nature of the situation was brought into sharp relief earlier when MNI described Tsipras' "new" proposal which, by all appearances, looks as though it will be unacceptable to Germany and to the harlinders within Syriza.
In an effort to help cut through the confusion, we you bring you the following two graphics which shed some light on what lies ahead regardless of what transpires between now and Monday.
From Deutsche Bank: