Greece, not again?

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Any move by Greece to introduce a new drachma - if it is called that - could struggle just for recognition, Hargreaves Landown's financial analyst Richard Hunter tells Reuters. "Computer codes, access to international settlements systems and legal issues relating to financial contracts are all potential obstacles," he says.

Greece debt crisis: Latest updates - BBC News

The irony has not been lost on anyone - even though governing MPs are making light of it - that after the Greeks’ resounding rejection of further biting austerity at the weekend, prime minister Alexis Tsipras has with lightning speed now agreed to put his name to the most punitive austerity package any government has been asked to implement during the five years of economic crisis in Greece.

Greek crisis: Government agrees reform measures - live updates | Business | The Guardian

"The new proposals that are made by the Greek government are demonstrating a real will to have an agreement," he told CNBC's "Squawk Box." "We will see. I remain very, very prudent myself, but clearly we have something which is very different from what was the position at the moment of the referendum."

Greek proposals show 'real will' for agreement Trichet