I think negotiating hard and looking like you earnestly expect the opponent to fold is the best strategy possible. Like it was designed by someone who is good at game theory.

It's a 'last-to-blink' ploy, like two cars hurtling towards each other with the drivers gambling on the other's propensity for valuing survival over machismo being brave.

Someone's going to have to climb down from their position and eat humble pie, or it's a duel between Schauble and Varoufakis to the political death of one or the other, (or possibly both?)

Obviously games like this really should belong to history, they have no place in modern times.

Having said that, the OK corral factor is riveting in a gladiatorial kind of way, with the future survival of so many hanging on the result...

David/Goliath redux.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty