The Greek PM may be making u-turns, circles and what not, but one thing is for sure, he has as much bargaining power as a soiled yellow rag dumped in a urinal.
“I’m sending letter to Schauble saying we accept austerity to pay back the 350 Billion euros we squandered, he read and say the letter is bull. I say it real letter, innit. He say no, wait until referendum you called. I say, referendum? Oh that! Oh that nothing, I dust under carpet, it small mistake, please Mr Schauble, please Mr Dijsselbloem, can I come to Brussels to shine your shoes? I do a good spit shine, aww, please do not be offended by my yellow little self, I crawl on my hands and knees, would that please you? Bwaaak, bwak, bwak, bwak!”
So, it’s austerity until 2057 then.