Jeff Randall says it had been just a matter of time before such an announcement would be made, declaring: "Well, surprise, surprise. It's really academic isn't it? The Greek government's been bust for ages, I think. This is a game, essentially".
Greece and the eurozone increasingly resemble a dying animal, with vultures circling above, says the Forbes blog. Now, we watch the "colleagues" squirm, as the Finmins hold an emergency meeting today. Where it will all end, no one knows. Tighten your seatbelts. We're in for a rocky ride.