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    Both sides are playing a very silly game of brinksmanship.

    The Greeks know they have no choice but to talk to the "troika" as they are the ones who provided funding and they also know that there is no way that they will get a debt write off, the EU Finance Ministers know that they have little choice but to reach some accommodation with Greece over the period of the loans, otherwise Greece will be in default by the end of February which means the Euro & EU bonds will take a pummelling; something the EU can ill afford at this juncture.

    Finally, everyone knows that the chance of Greece leaving the EU & Euro is close to zero, as they would have no access to international debt markets and the country would rapidly descend into chaos and anarchy as what little internal finance Greece can generate evaporates.

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