Greece, not again?

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Anyone who opposes the prospect of a Grexit can feel a little lonely in Germany these days. Indignation over the Greek government is widespread and the seemingly endless rounds of debt talks have left the public drained. A Grexit seems to promise release and is looking increasingly appealing to many. But were Greece to leave the euro, the consequences would be disastrous -- for Europe, for Greece and indeed for Germany. It wouldn't be long before we would regret the day. Far more is at stake than just a few billion euros -- which are most likely already lost, anyway.

Grexit Would Have Disastrous And Far-Reaching Consequences - SPIEGEL ONLINE

And for the Greeks, the insulting part of this proposal is that not only was their complete capitulation rejected, but the Eurogroup essentially blames Greece for getting in this position because of incompetence, writing: "There are serious concerns regarding the sustainability of Greek debt. This is due to the easing of policies during the last twelve months, which resulted in the recent deterioration in the domestic macroeconomic and financial environment."

Greek government official on Eurogroup offer - Business Insider

some experts sharply observed that there probably isn't a plausible "time-out" scenario. Either Greece leaves the euro and its economy does fine, in which case Greece isn't likely to want to rejoin; or, Greece leaves the euro and its economy implodes, in which case the eurozone isn't likely to want Greece to rejoin the currency union.

Greek government official on Eurogroup offer - Business Insider

What the German government is asking the Greek government to do about this is something that Germany rather infamously declines to do itself. In other words, they think the eurozone would be better off without Greece but they don't want to come out and say so. So they're piling-on demands, and hoping Greece turns them down.

Greek crisis: Germany's most telling demand - Vox