A durable agreement is now the only option
Athens and Brussels have been "playing chicken" for the past five months. The livelihoods of hundreds of millions of people across the globe continue to be at risk. The suffering people of Greece are in the forefront of a chain reaction.
The 330-plus million people of the 19 eurozone states are next up to be impacted, along with the remaining 170 million people in the other nine EU countries which are not formally in the euro.
The potential global fallout from uncertainty and turmoil affecting 500 million people is hard to predict as this situation is utterly without precedent. But it is clear that the ramifications of a bad finish to this crisis would be felt in every corner of the interconnected world economy.