Tick-tock, tick-tock … the clock on the Greek crisis is running down for real. As I write, leaders of Greece's three main political parties are meeting with Prime Minister Lucas Papademos to agree on the terms of a harsh budget that will allow the country to qualify for its next bail-out from the EU.
The meeting has been scheduled and postponed often in the last four or five days. As I blogged on Friday, last autumn this would have had the markets in a tizzy. Now, they shrug. So do leading eurocrats in Brussels.
"It’s not the end of the world if someone leaves the euro zone," Neelie Kroes, the European Commission vice-president, told Dutch newspaper De Volkskrant. "It’s always said, if you let one nation go, or ask one to leave, the entire structure will collapse. But that is just not true."