MIsh — Tsipras' Choice: Total Capitulation or Grexit; Text of 4-Page Eurozone Demands
Mike Norman Economics 2015-07-12
Merkel and Schäuble's choice for Tsipras is either accept deeper austerity that will put Greece further behind the eight ball, or Grexit.
Notice that Germany can claim that Greece chose to leave rather than being thrown out.
This is apparently what the negotiation has been about all along, at least in Schäuble's mind.