Alexis Tsipras is not a wild-eyed Marxist revolutionary. Nor is he Tony Blair. But the real story on Greece is only just beginning.
What would happen if we in the West realised how imaginary and counter-productive vast debt levels are?
Most of the world's economic powerhouses (including Australia) have been in sovereign default at one time or another, writes economist and freelance journalist Jason Murphy.
Greece spent profligately and did not fully commit to austerity, right? Wrong. Australia Institute chief economist Richard Denniss explains five misconceptions about the Greek debt crisis, with help from Australia Institute researcher Cameron Amos.
Can Greece just start printing money? Plus other business tidbits of the day.
Greeks face a choice: stay in the euro or return to the drachma. But RMIT economics professor Jason Potts says there is a third option: bitcoin.
Greece's telegenic Finance Minister says he'll "cut off his own arm" if the bailout deal does not include debt relief. Plus other business tidbits of the day.
In which financial markets stop caring about Greece and start making money again.