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When push comes to shove, governments are unwilling to impose the required level of austerity on their voters.
The Greek government cannot pay its debts, whatever new and greater level of austerity it might impose on its people.
Ms. Oppewall, who designed the sets for "Seabiscuit," was raised a Calvinist and accepted a certain level of austerity in life.
Further cuts might help, but markets long ago lost confidence that there is a politically achievable level of austerity sufficient to deliver the necessary Greek surpluses.
With it, analysts said, comes a new level of austerity as vacationers search for frugal ways to get away by juggling their finances, taking shorter trips and even staying with relatives.
During the three-year melodrama of the eurozone crisis, they were concerned bystanders as the "troika", composed of the commission, the European Central Bank and the International Monetary Fund, imposed an eye-watering level of austerity in bailed-out and indebted member states such as Greece, Italy, Portugal and Spain, where youth unemployment rates have soared above 50% in some regions.
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Instead of Father Christmas, Maduro may then have to turn into the Grinch, imposing even greater levels of austerity on an already beleaguered nation.
Popular Unity failed stunningly to exploit the grief felt by a majority of "No" voters following Tsipras's U-turn in favour of a deal that curtailed national sovereignty further and boosted already vicious levels of austerity.
The same politicians who, in the name of the taxpayer, demand nit-picking levels of austerity at home are failing to challenge the corrupt leaders whose citizens are fleeing.
But what they are not telling their people is that in reality both proposals impose broadly similar levels of austerity – the main difference being where the pain is felt.
So we're now looking at a scenario in which Greece is forced into killing levels of austerity to pay its foreign creditors, with no real light at the end of the tunnel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com