After the breakdown of negotiations in Brussels on Sunday everything is getting a lot more difficult.

The pressure from Europe will intensify on Monday, the European Central Bank will likely “shear” the guarantees offered by Greek banks for borrowing from Frankfurt and the people’s agony will skyrocket.

As the chief of the European Commission Jean-Claude Juncker explained, the next milestone is the 30th of June, when the current program expires, following the four-month extension that was offered on the 20th of February.

Under these circumstances, the upcoming Eurogroup on Thursday will be similar to the one in Riga, where the Minister of Finances Yanis Varoufakis received fierce criticism by almost all of his colleagues.

Now he will likely face a similar hostility and will probably be asked to accept the whole of the troika’s proposal or be held responsible for the dramatic consequences to follow.

What is certain is that the European Commission, European Central Bank and International Monetary Fund have a common stance and the differences amongst them that Athens imagines obviously do not exist.

In other words, the pressure on Athens will be absolute over the next few days and will bring Mr. Tsipras’ government faced with a major dilemma: whether to assume the political cost of remaining in the Eurozone or chose a rupture and thus creating circumstances of absolute uncertainty for Greece.

It should be noted however that the present circumstances of uncertainty, due to their intensity, are capable of creating an environment for undesirable development far before the deadline on the 30th of June.

In any case, after the new falling out in Brussels, the possibility of an agreement is objectively shrinking, with insecurity and uncertainty over the future taking over.

From here on, everything goes. Greece is directly threatened by a financial, political and national crisis.

Anybody who cannot see it is simply turning a blind eye.

Antonis Karakousis