Bowing the knee to Angela Merkel would allow Greece to get access to the short-term finance that will allow it to pay its debts, but it will be political suicide for Syriza.
Greece's crisis talks with international creditors have made slow progress and fears remain high that it could default on its debts, precipitating Athens' departure from the eurozone.
Overall the FTSE 100 is currently down 42.22 points at 6989.50, with renewed worries about whether Greece will pay its debts or default, or even leave the euro.
As long as debt exists, following the examples of Ecuador and Iceland, we demand a social audit of the debts owed by countries.
Fifty years later the Irish Republic will commemorate the rebellion with equal national enthusiasm but with most of its population more concerned with the huge debts bestowed upon the current generation than the imperative of the "dead generations" urging it on to take back the north of Ireland and fulfil its historic mission towards unity.
Eurozone politicians insist they are better prepared for the Greeks to leave than they would have been five years ago, with a European Central Bank rescue plan in place for member-country governments struggling to finance their debts; but in the short term, market chaos – always a significant risk for the UK, with its disproportionately large financial sector – would be highly likely.
What they do is assess how likely a borrower is to be able to repay its debts and help those trading debt contracts in the secondary market.
Such are the mountains of Manchester United's debts since the Glazer takeover that accountants estimate the revenue from their fanbase will need to rise by 5,888,765% over the next two years.
Since the crisis began, citizens in creditor countries have become resistant to taking responsibility for the debts of others without having mechanisms for controlling their spending.
In the 1990s, sub-Saharan African countries that had been poorly run found themselves burdened with debts that they had no hope of paying.
"We are very clear that it is fair that those who are better off in our society make a contribution to the saving of money we need to make to pay down the debts so we will be removing child benefit from higher rate taxpayers," said Osborne.
