But it’s not time to break out the champagne just yet.

Greece’s recurrent crisis is the result of bad Greek and German decisions alike. Only one is in year eight of a depression as a result.

A general strike against austerity has engulfed Greece even as the country’s bailout payment is delayed.

The scale of the culture challenge should not be underestimated by Europhiles.

The bitter rhetoric directed toward Greece during Tuesday’s European summit shows that a currency that was supposed to bring the EU together is splitting it apart.

Analysts are fretting, but the Greeks leaving the euro could be a blessing in disguise.

In an unbelievable twist, Greek PM Alexis Tsipras has decided at the last moment to ask Greek voters to decide on the Troika’s offer. A shrewd move, potentially—if Tsipras wants to keep Greece in the eurozone.

As the latest talks between Greece and its creditors broke down in just 45 minutes, one European official is quoted to have said, “On July 1st, [Greece] will become a disaster zone.”

The Eurogroup is presenting what amounts to a final ultimatum—so they say. Can-kicking on Greece has become a eurocrat pasttime, but the country is running out of options.

No one knows how much Greece owes, or what its assets really are. And nobody (in the negotiations) wants to.