Will The ECB Finally Use The Greek "Nuclear Option" This Wednesday?

This was not supposed to happen: by now the Greek insolvency "can" should have been kicked, and the Greek government, realizing the money has run out for both the government and the banking system, should have folded to Troika demands, and allow the Troika money to return repaying obligations to the Troika in exchange for more spending cuts.
Instead, the "game theoretical" approach of bluffing until the end, and beyond, has put both countries in a corner from which neither knows how to escape, and with the "final deal deadline" passing this weekend we now have quotes such as this from the EU:

• OVERTVELDT: GIVING IN TO GREECE WOULD UNDERMINE EU CREDIBILITY

while in an op-ed due to be published today in German newspaper Bild, German Vice Chancellor and Economy Minister Gabriel has been quoted as saying


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